Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 32.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,391 shares of the transportation company's stock after selling 22,521 shares during the quarter. Toronto Dominion Bank's holdings in Expeditors International of Washington were worth $5,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPD. Coppell Advisory Solutions LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $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 about $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 position in Expeditors International of Washington in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $113.40 on Thursday. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The company has a market cap of $15.53 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 5.00 and a beta of 1.09. The stock has a 50 day simple moving average of $112.23 and a 200-day simple moving average of $114.67.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.77 per share. 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. The ex-dividend date is Monday, June 2nd. Expeditors International of Washington's payout ratio is presently 25.58%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. Susquehanna boosted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Barclays decreased their price target on 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. UBS Group reduced their target price on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, StockNews.com downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.

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