Unigestion Holding SA Sells 42,300 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Unigestion Holding SA reduced its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 51.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,229 shares of the transportation company's stock after selling 42,300 shares during the quarter. Unigestion Holding SA's holdings in Expeditors International of Washington were worth $4,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Allworth Financial LP grew its stake in shares of Expeditors International of Washington by 22.9% in the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after acquiring an additional 1,216 shares during the period. Asset Management One Co. Ltd. grew its position in Expeditors International of Washington by 37.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company's stock worth $8,459,000 after purchasing an additional 20,658 shares during the period. Compass Capital Management Inc. raised its stake in Expeditors International of Washington by 1.3% during the 4th quarter. Compass Capital Management Inc. now owns 475,342 shares of the transportation company's stock valued at $52,654,000 after buying an additional 6,262 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at $13,008,000. Finally, Focus Partners Wealth purchased a new position in shares of Expeditors International of Washington in the 4th quarter worth $432,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Up 0.0%

Expeditors International of Washington stock traded up $0.02 during midday trading on Wednesday, reaching $111.78. 738,230 shares of the stock traded hands, compared to its average volume of 1,274,054. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The stock's fifty day moving average is $111.36 and its 200-day moving average is $114.18. The stock has a market cap of $15.31 billion, a P/E ratio of 19.54, a PEG ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.77 per share. 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. This represents a dividend yield of 1.4%. Expeditors International of Washington's dividend payout ratio is currently 25.58%.

Analysts Set New Price Targets

EXPD has been the topic of a number of recent research reports. Truist Financial lowered their target price on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Wall Street Zen cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. TD Cowen dropped their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a report on Wednesday, May 7th. UBS Group decreased their price target 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of 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. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of "Hold" and an average price target 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.