Mediolanum International Funds Ltd Has $1.25 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Mediolanum International Funds Ltd sold 76.5% of its stake in Expeditors International, resulting in holdings of 10,400 shares valued at approximately $1.25 million as of the latest SEC filing.
• Expeditors International of Washington increased its semi-annual dividend to $0.77, up from the previous $0.73, representing a dividend yield of
  1.4%.
• The stock has a market cap of $15.68 billion and currently has an average analyst rating of "Hold" with a consensus price target of $113.89.

Mediolanum International Funds Ltd decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 76.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 10,400 shares of the transportation company's stock after selling 33,826 shares during the period. Mediolanum International Funds Ltd's holdings in Expeditors International of Washington were worth $1,245,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EXPD. Coppell Advisory Solutions LLC bought a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $25,000. Alpine Bank Wealth Management bought a new stake in Expeditors International of Washington during the 1st quarter worth approximately $26,000. Garde Capital Inc. acquired a new stake in Expeditors International of Washington during the 1st quarter worth approximately $37,000. Colonial Trust Co SC lifted its stake 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 buying an additional 130 shares in the last quarter. Finally, Parvin Asset Management LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on EXPD. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price objective on the stock. TD Cowen cut their price target on 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. Truist Financial increased their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday, June 30th. Barclays dropped 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 report on Wednesday, May 7th. Finally, Bank of America downgraded 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. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $113.89.

Expeditors International of Washington Price Performance

EXPD stock traded down $2.11 during mid-day trading on Friday, reaching $114.14. The company had a trading volume of 540,226 shares, compared to its average volume of 1,372,251. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The stock has a 50 day simple moving average of $114.39 and a two-hundred day simple moving average of $113.80.

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 given a dividend of $0.77 per share. This represents a yield of 140.0%. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date of this dividend was Monday, June 2nd. Expeditors International of Washington's payout ratio 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.