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Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Mackenzie Financial Corp

Expeditors International of Washington logo with Transportation background

Key Points

  • Mackenzie Financial Corp increased its stake in Expeditors International of Washington, Inc. by 44.4%, owning 55,602 shares valued at approximately $6.69 million.
  • Expeditors International recently declared a semi-annual dividend of $0.77 per share, up from the previous dividend of $0.73, reflecting a positive change in its dividend policy.
  • Wall Street analysts have mixed ratings for the stock; the average recommendation is a "Hold" with a target price around $113.89.
  • Five stocks we like better than Expeditors International of Washington.

Mackenzie Financial Corp lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 44.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,602 shares of the transportation company's stock after purchasing an additional 17,095 shares during the quarter. Mackenzie Financial Corp's holdings in Expeditors International of Washington were worth $6,686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EXPD. Geode Capital Management LLC lifted its position in Expeditors International of Washington by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock worth $374,771,000 after acquiring an additional 57,736 shares during the period. First Trust Advisors LP lifted its position in Expeditors International of Washington by 33.8% during the 4th 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 period. Invesco Ltd. lifted its position in Expeditors International of Washington by 10.6% during the 4th quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock worth $272,874,000 after acquiring an additional 235,409 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Expeditors International of Washington by 1.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,428,914 shares of the transportation company's stock worth $269,051,000 after acquiring an additional 27,965 shares during the period. Finally, Northern Trust Corp lifted its position 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 worth $253,490,000 after acquiring an additional 376,689 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on EXPD. Barclays lowered 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. Truist Financial lifted their price target on 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 price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price objective on Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Finally, Baird R W raised Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $113.89.

Get Our Latest Report on EXPD

Expeditors International of Washington Stock Up 1.9%

Shares of Expeditors International of Washington stock traded up $2.15 on Monday, hitting $116.80. 1,966,612 shares of the company were exchanged, compared to its average volume of 1,383,801. The stock has a market capitalization of $16.00 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The company has a 50-day moving average price of $114.44 and a 200 day moving average price of $113.86. 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 firm also recently disclosed 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 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 was Monday, June 2nd. Expeditors International of Washington's payout ratio is currently 25.58%.

Expeditors International of Washington Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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