HB Wealth Management LLC Invests $986,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

HB Wealth Management LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,197 shares of the transportation company's stock, valued at approximately $986,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in Expeditors International of Washington in the fourth quarter valued at $107,863,000. First Trust Advisors LP increased its stake in Expeditors International of Washington by 33.8% during the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after acquiring an additional 690,539 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Expeditors International of Washington by 13,910.4% in the first quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock valued at $61,021,000 after buying an additional 503,833 shares in the last quarter. Northern Trust Corp grew its stake in Expeditors International of Washington by 19.7% during the 4th quarter. Northern Trust Corp now owns 2,288,437 shares of the transportation company's stock valued at $253,490,000 after purchasing an additional 376,689 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $36,865,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on EXPD. Baird R W raised Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Robert W. Baird assumed coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target on the stock. Bank of America downgraded Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their target price for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Barclays cut their target price 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. Finally, UBS Group cut their target price on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $113.89.

Expeditors International of Washington Trading Down 1.3%

Shares of NASDAQ EXPD traded down $1.50 during mid-day 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 stock has a market cap of $15.71 billion, a PE ratio of 20.06, a P/E/G ratio of 5.00 and a beta of 1.07. The company has a 50-day moving average price of $114.44 and a two-hundred day moving average price of $113.82. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.77 dividend. This represents a dividend yield of 140.0%. The ex-dividend date was Monday, June 2nd. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's payout ratio is presently 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.