Focus Partners Wealth Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Focus Partners Wealth bought a new position in shares of 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 bought 3,903 shares of the transportation company's stock, valued at approximately $432,000.

Several other hedge funds have also modified their holdings of EXPD. Azimuth Capital Investment Management LLC grew its holdings in Expeditors International of Washington by 4.4% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock worth $260,000 after acquiring an additional 100 shares during the period. Manchester Capital Management LLC boosted its position in shares of Expeditors International of Washington by 3.5% during the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock worth $336,000 after purchasing an additional 103 shares in the last quarter. Chapman Investment Management LLC grew its stake in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock worth $2,101,000 after purchasing an additional 112 shares during the period. OLD National Bancorp IN grew its stake in shares of Expeditors International of Washington by 5.3% during the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock worth $247,000 after purchasing an additional 113 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Expeditors International of Washington by 17.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company's stock valued at $86,000 after purchasing an additional 114 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of research analyst reports. Susquehanna boosted their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock 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 on the stock in a research note on Wednesday, May 7th. Wall Street Zen downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. UBS Group reduced their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, 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. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded down $1.14 during mid-day trading on Monday, hitting $112.55. 1,102,868 shares of the company were exchanged, compared to its average volume of 1,291,888. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The company has a market capitalization of $15.41 billion, a P/E ratio of 19.68, a PEG ratio of 5.00 and a beta of 1.09. The business's 50 day simple moving average is $112.00 and its two-hundred day simple moving average is $114.44.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.77 per share. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 1.4%. Expeditors International of Washington's dividend payout ratio is presently 25.58%.

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.