Moran Wealth Management LLC Sells 51,724 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Moran Wealth Management LLC trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 91.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,897 shares of the transportation company's stock after selling 51,724 shares during the quarter. Moran Wealth Management LLC's holdings in Expeditors International of Washington were worth $589,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. First Eagle Investment Management LLC increased its position in Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after buying an additional 987,233 shares during the last quarter. Boston Partners boosted its holdings in Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after acquiring an additional 869,637 shares during the period. Geode Capital Management LLC boosted its holdings in Expeditors International of Washington by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock valued at $374,771,000 after acquiring an additional 57,736 shares during the period. First Trust Advisors LP boosted its holdings in Expeditors International of Washington by 33.8% during the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock valued at $302,936,000 after acquiring an additional 690,539 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Expeditors International of Washington by 10.6% during the fourth quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock worth $272,874,000 after purchasing an additional 235,409 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXPD has been the topic of several recent research reports. UBS Group lowered 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 note on Wednesday, May 7th. Susquehanna upped their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Truist Financial decreased their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Barclays decreased 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. Finally, TD Cowen decreased their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat.com, Expeditors International of Washington has an average rating of "Hold" and an average target price of $113.89.

Expeditors International of Washington Trading Up 1.3%

NASDAQ EXPD traded up $1.47 during trading on Friday, reaching $115.07. The company's stock had a trading volume of 1,967,320 shares, compared to its average volume of 1,250,387. The firm has a market capitalization of $15.76 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth 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. The firm has a 50 day moving average price of $112.20 and a 200 day moving average price of $113.38.

Expeditors International of Washington Increases Dividend

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