Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. has reduced its stake in Expeditors International of Washington by 20.7%, owning 12,441 shares worth approximately $1.5 million after selling 3,240 shares in the first quarter.
• Analysts have set mixed ratings for the stock, with UBS lowering its price target from $128.00 to $117.00, while JPMorgan raised its target slightly from $105.00 to $107.00.
• Expeditors International recently increased its semi-annual dividend from $0.73 to $0.77, reflecting a dividend yield of 1.4% and a payout ratio of 25.58%.

Foster & Motley Inc. lessened its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 20.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,441 shares of the transportation company's stock after selling 3,240 shares during the period. Foster & Motley Inc.'s holdings in Expeditors International of Washington were worth $1,496,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Expeditors International of Washington by 53.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock worth $19,343,000 after acquiring an additional 56,008 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Expeditors International of Washington by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock valued at $1,971,000 after buying an additional 430 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Expeditors International of Washington by 17.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company's stock valued at $667,000 after buying an additional 834 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Expeditors International of Washington by 2.4% in the 1st quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company's stock valued at $1,249,000 after buying an additional 246 shares during the period. Finally, DAVENPORT & Co LLC acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at about $203,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on EXPD shares. Robert W. Baird started coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target for the company. TD Cowen reduced their target price on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research note on Wednesday, May 7th. Bank of America lowered shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and boosted their target price for the company from $117.00 to $118.00 in a research note on Friday, July 11th. UBS Group reduced their target price on shares of 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, Barclays reduced their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, May 7th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD traded down $1.50 during trading on Friday, reaching $114.74. The company had a trading volume of 1,587,511 shares, compared to its average volume of 1,379,782. The firm's fifty day moving average is $114.44 and its 200 day moving average is $113.82. The firm has a market capitalization of $15.71 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were 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. This represents a yield of 140.0%. The ex-dividend date of this dividend was Monday, June 2nd. Expeditors International of Washington's dividend payout ratio (DPR) is currently 25.58%.

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.