Focus Partners Wealth Purchases New Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Focus Partners Wealth purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,903 shares of the transportation company's stock, valued at approximately $432,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Drystone LLC purchased a new stake in shares of Expeditors International of Washington during the 4th quarter valued at $5,925,000. Allworth Financial LP boosted its stake in Expeditors International of Washington by 22.9% in the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after purchasing an additional 1,216 shares during the period. Asset Management One Co. Ltd. boosted its stake 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. Beaumont Financial Advisors LLC bought a new position in Expeditors International of Washington in the 4th quarter worth about $342,000. Finally, Janney Montgomery Scott LLC bought a new position in Expeditors International of Washington in the 4th quarter worth about $11,219,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded down $1.14 during trading hours on Friday, reaching $112.55. The company had a trading volume of 1,102,868 shares, compared to its average volume of 1,290,431. The company has a 50-day moving average price of $112.08 and a 200 day moving average price of $114.56. The firm has a market cap of $15.41 billion, a price-to-earnings ratio of 19.68, a P/E/G ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59.

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. The ex-dividend date is Monday, June 2nd. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a dividend yield of 1.4%. Expeditors International of Washington's payout ratio is 25.58%.

Wall Street Analysts Forecast Growth

EXPD has been the subject of a number of research analyst reports. Barclays dropped their price target 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. UBS Group decreased their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. TD Cowen decreased their price objective on 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. Truist Financial decreased their price objective 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. Finally, JPMorgan Chase & Co. decreased their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. 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 currently has an average rating of "Hold" and an average 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.