Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 20.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,762 shares of the transportation company's stock after selling 7,850 shares during the period. Marks Group Wealth Management Inc's holdings in Expeditors International of Washington were worth $3,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management purchased a new stake in shares of Expeditors International of Washington in the 1st quarter valued at approximately $26,000. Coppell Advisory Solutions LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth $25,000. Garde Capital Inc. purchased a new stake in Expeditors International of Washington in the first quarter valued at $37,000. Colonial Trust Co SC raised its position in Expeditors International of Washington by 58.6% in the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after purchasing an additional 130 shares during the period. Finally, Parvin Asset Management LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $42,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 3.0%

Expeditors International of Washington stock traded down $3.56 during mid-day trading on Friday, reaching $115.69. 1,486,589 shares of the company's stock were exchanged, compared to its average volume of 1,245,191. The company has a market cap of $15.84 billion, a P/E ratio of 20.23, a P/E/G 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. The company has a fifty day moving average of $114.10 and a 200-day moving average of $113.50.

Expeditors International of Washington Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Truist Financial raised their price objective 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 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. Barclays reduced their price target on shares of 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. Robert W. Baird began 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 objective on the stock. Finally, Bank of America downgraded shares of 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 report on Friday. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of "Hold" and an average price target of $113.89.

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.