Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 464,545 shares of the transportation company's stock after selling 2,849 shares during the quarter. Boston Trust Walden Corp owned 0.34% of Expeditors International of Washington worth $55,862,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Coppell Advisory Solutions LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $25,000. SRS Capital Advisors Inc. lifted its holdings in shares of Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after purchasing an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $39,000. Colonial Trust Co SC lifted its holdings 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 during the period. Finally, Parvin Asset Management LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $42,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Truist Financial decreased their price target on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a report on Thursday, April 24th. TD Cowen decreased their price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a report on Wednesday, May 7th. Barclays cut their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research report on Wednesday, February 19th. Finally, Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $113.05 on Thursday. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The stock has a market capitalization of $15.48 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 5.00 and a beta of 1.07. The stock has a fifty day moving average price of $111.63 and a two-hundred day moving average price of $113.67.

Expeditors International of Washington Increases Dividend

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

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.

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