Moran Wealth Management LLC Decreases Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Moran Wealth Management LLC lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 91.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,897 shares of the transportation company's stock after selling 51,724 shares during the period. 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 institutional investors and hedge funds also recently added to or reduced their stakes in EXPD. First Eagle Investment Management LLC grew its stake in Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock valued at $450,881,000 after acquiring an additional 987,233 shares in the last quarter. Norges Bank acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $107,863,000. Boston Partners boosted its holdings in shares of Expeditors International of Washington by 29.7% during the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after purchasing an additional 869,637 shares during the last quarter. First Trust Advisors LP grew its position in shares of Expeditors International of Washington by 33.8% in 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 purchasing an additional 690,539 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Expeditors International of Washington by 13,910.4% in the first quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock valued at $61,021,000 after purchasing an additional 503,833 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. TD Cowen lowered their price objective on 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. Susquehanna boosted 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 report on Monday, March 3rd. UBS Group cut their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Truist Financial lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Monday. Finally, Barclays decreased their price target on 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. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $114.44.

Expeditors International of Washington Stock Down 0.6%

NASDAQ EXPD traded down $0.65 during trading on Monday, hitting $114.34. The stock had a trading volume of 1,208,204 shares, compared to its average volume of 1,247,753. The company has a market capitalization of $15.66 billion, a PE ratio of 19.99, a PEG ratio of 5.00 and a beta of 1.07. The firm has a 50 day moving average price of $112.56 and a 200 day moving average price of $113.21. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.

Expeditors International of Washington Increases Dividend

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

Expeditors International of Washington Company Profile

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.