Bank of New York Mellon Corp lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 924,592 shares of the transportation company's stock after selling 59,404 shares during the quarter. Bank of New York Mellon Corp owned 0.67% of Expeditors International of Washington worth $111,182,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. Coppell Advisory Solutions LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at about $25,000. Alpine Bank Wealth Management acquired a new position in Expeditors International of Washington in the first quarter valued at about $26,000. Garde Capital Inc. acquired a new position in Expeditors International of Washington in the first quarter valued at about $37,000. Colonial Trust Co SC lifted its position in shares of Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after purchasing an additional 130 shares in the last quarter. Finally, Parvin Asset Management LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth approximately $42,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.
Expeditors International of Washington Stock Performance
NASDAQ:EXPD traded down $3.56 during trading hours on Friday, hitting $115.69. The stock had a trading volume of 1,486,589 shares, compared to its average volume of 1,245,191. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The company has a market cap of $15.84 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 5.00 and a beta of 1.07. The business's 50 day moving average is $114.10 and its 200-day moving average is $113.50.
Expeditors International of Washington Increases Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.77 per share. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date of this dividend was Monday, June 2nd. This represents a dividend yield of 1.4%. Expeditors International of Washington's dividend payout ratio is currently 25.58%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on EXPD. UBS Group reduced their target price on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. upped their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Truist Financial upped their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research report on Monday, June 30th. Finally, TD Cowen reduced their target price on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research report on Wednesday, May 7th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $113.89.
View Our Latest Analysis on Expeditors International of Washington
Expeditors International of Washington Company Profile
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Free Report)
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.
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