Madison Asset Management LLC Has $65.93 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Madison Asset Management LLC boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 10.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 548,284 shares of the transportation company's stock after acquiring an additional 51,432 shares during the period. Madison Asset Management LLC owned 0.40% of Expeditors International of Washington worth $65,931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Expeditors International of Washington by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock valued at $374,771,000 after buying an additional 57,736 shares during the last quarter. First Trust Advisors LP raised its position in shares of Expeditors International of Washington by 33.8% during the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock valued at $302,936,000 after buying an additional 690,539 shares during the last quarter. Invesco Ltd. raised its position in shares of Expeditors International of Washington by 10.6% during the fourth quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock valued at $272,874,000 after buying an additional 235,409 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Expeditors International of Washington by 1.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,428,914 shares of the transportation company's stock valued at $269,051,000 after buying an additional 27,965 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Expeditors International of Washington by 19.7% during the fourth quarter. Northern Trust Corp now owns 2,288,437 shares of the transportation company's stock valued at $253,490,000 after buying an additional 376,689 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Down 0.2%

EXPD stock traded down $0.26 during midday trading on Friday, reaching $116.58. The company's stock had a trading volume of 912,467 shares, compared to its average volume of 1,371,896. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The stock has a market cap of $15.97 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. The business's 50-day simple moving average is $114.47 and its 200-day simple moving average is $113.71.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.77 dividend. The ex-dividend date was Monday, June 2nd. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a yield of 1.4%. Expeditors International of Washington's dividend payout ratio (DPR) is 25.58%.

Analysts Set New Price Targets

A number of brokerages have recently commented on EXPD. Truist Financial upped their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday, June 30th. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Bank of America lowered shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and increased their price target for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. UBS Group dropped their price target on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, TD Cowen dropped their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $113.89.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.