Oak Thistle LLC Sells 2,283 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Oak Thistle LLC has reduced its stake in Expeditors International of Washington by 47.3% during the first quarter, now holding 2,540 shares worth approximately $305,000.
• Multiple financial analysts have recently updated their ratings and price targets for EXPD, with average ratings showing nine hold ratings and a consensus price target of $113.89.
• Expeditors International of Washington declared an increase in its semi-annual dividend to $0.77, reflecting a yield of 1.4%, up from the previous $0.73 dividend.

Oak Thistle LLC cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 47.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,540 shares of the transportation company's stock after selling 2,283 shares during the period. Oak Thistle LLC's holdings in Expeditors International of Washington were worth $305,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in 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 acquiring an additional 57,736 shares during the last quarter. First Trust Advisors LP increased its position in shares of Expeditors International of Washington by 33.8% during the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock valued at $302,936,000 after purchasing an additional 690,539 shares during the last quarter. Invesco Ltd. increased its position in shares of Expeditors International of Washington by 10.6% during the 4th quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock valued at $272,874,000 after purchasing an additional 235,409 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Expeditors International of Washington by 1.2% during the 4th 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 purchasing an additional 27,965 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in 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. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Shares of EXPD traded down $0.34 during midday trading on Tuesday, hitting $115.02. 282,535 shares of the company traded hands, compared to its average volume of 1,361,412. The firm has a 50 day moving average of $114.42 and a 200-day moving average of $113.77. 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 $15.75 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The company also recently announced 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. This represents a dividend yield of 1.4%. The ex-dividend date was Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is currently 25.58%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EXPD shares. JPMorgan Chase & Co. upped their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. UBS Group cut their price objective 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. Robert W. Baird began coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target for the company. TD Cowen reduced their target price on shares of 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. Finally, Barclays reduced their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of "Hold" and a consensus target price of $113.89.

About Expeditors International of Washington

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.