Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 26.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99,102 shares of the transportation company's stock after selling 35,500 shares during the quarter. KLP Kapitalforvaltning AS owned about 0.07% of Expeditors International of Washington worth $11,917,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Clifford Swan Investment Counsel LLC grew its position in Expeditors International of Washington by 58.3% during the first quarter. Clifford Swan Investment Counsel LLC now owns 60,355 shares of the transportation company's stock worth $7,258,000 after buying an additional 22,226 shares during the period. HighPoint Advisor Group LLC grew its holdings in Expeditors International of Washington by 5.9% during the 1st quarter. HighPoint Advisor Group LLC now owns 2,210 shares of the transportation company's stock valued at $266,000 after purchasing an additional 123 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Expeditors International of Washington by 32.7% during the 1st quarter. Allianz Asset Management GmbH now owns 393,565 shares of the transportation company's stock worth $47,326,000 after acquiring an additional 97,020 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in Expeditors International of Washington by 18.9% during the 1st quarter. Los Angeles Capital Management LLC now owns 162,393 shares of the transportation company's stock worth $19,528,000 after acquiring an additional 25,789 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Expeditors International of Washington by 3.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,798 shares of the transportation company's stock valued at $1,299,000 after purchasing an additional 374 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded down $0.26 during trading hours on Friday, reaching $116.58. The company had a trading volume of 912,467 shares, compared to its average volume of 1,371,896. The company has a 50-day moving average price of $114.47 and a 200 day moving average price of $113.72. The firm has a market cap of $15.97 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 5.00 and a beta of 1.07. 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 company also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.77 per share. This represents a yield of 1.4%. The ex-dividend date was Monday, June 2nd. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend payout ratio (DPR) is currently 25.58%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EXPD shares. Truist Financial lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research report on Monday, June 30th. TD Cowen lowered their target price 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. Bank of America downgraded shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their price target for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. UBS Group cut 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, Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $113.89.

Expeditors International of Washington Company 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.