Toronto Dominion Bank Decreases Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Toronto Dominion Bank lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 32.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Coppell Advisory Solutions LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at approximately $25,000. SRS Capital Advisors Inc. increased its stake in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after buying an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new position in Expeditors International of Washington in the 4th quarter worth about $39,000. Colonial Trust Co SC increased its stake in Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after buying an additional 130 shares during the period. Finally, Parvin Asset Management LLC purchased a new position in Expeditors International of Washington in the 4th quarter worth about $42,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

EXPD stock traded up $1.72 during trading on Tuesday, reaching $114.18. 351,798 shares of the company traded hands, compared to its average volume of 1,288,188. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The business has a 50 day simple moving average of $112.00 and a 200 day simple moving average of $114.44. The company has a market capitalization of $15.64 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost 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

EXPD has been the topic of several recent analyst reports. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Barclays reduced their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 7th. UBS Group dropped their price target on 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. TD Cowen dropped their price target on 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. Finally, JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington presently has a consensus rating of "Hold" and an average target price of $113.89.

Expeditors International of Washington Company 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.