MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 59.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,545 shares of the transportation company's stock after selling 22,688 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Expeditors International of Washington were worth $1,722,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXPD. Drystone LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth about $5,925,000. Allworth Financial LP lifted its stake in Expeditors International of Washington by 22.9% during the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after acquiring an additional 1,216 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Expeditors International of Washington by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company's stock worth $8,459,000 after acquiring an additional 20,658 shares in the last quarter. Beaumont Financial Advisors LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth about $342,000. Finally, Janney Montgomery Scott LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth about $11,219,000. Hedge funds and other institutional investors own 94.02% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on EXPD. Wall Street Zen lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. JPMorgan Chase & Co. reduced their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. Susquehanna increased their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. UBS Group reduced their price target on 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, Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $113.89.
View Our Latest Research Report on EXPD
Expeditors International of Washington Price Performance
Shares of NASDAQ EXPD traded down $1.35 during midday trading on Wednesday, hitting $112.93. 164,793 shares of the company's stock were exchanged, compared to its average volume of 1,288,618. 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 market cap of $15.47 billion, a PE ratio of 19.74, a P/E/G ratio of 5.00 and a beta of 1.09. The firm's fifty day simple moving average is $111.98 and its 200-day simple moving average is $114.44.
Expeditors International of Washington Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.77 per share. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date is Monday, June 2nd. This represents a yield of 1.4%. Expeditors International of Washington's payout ratio is 25.58%.
About Expeditors International of Washington
(
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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