MV Capital Management Inc. Buys 2,916 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

MV Capital Management Inc. lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 13.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,499 shares of the transportation company's stock after purchasing an additional 2,916 shares during the quarter. MV Capital Management Inc.'s holdings in Expeditors International of Washington were worth $2,946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. increased its position in Expeditors International of Washington by 0.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 389,191 shares of the transportation company's stock valued at $43,111,000 after acquiring an additional 2,869 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Expeditors International of Washington by 2.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,374 shares of the transportation company's stock worth $1,814,000 after buying an additional 343 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of Expeditors International of Washington by 13.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 19,720 shares of the transportation company's stock worth $2,184,000 after acquiring an additional 2,378 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Expeditors International of Washington by 108.0% during the fourth quarter. Empowered Funds LLC now owns 29,307 shares of the transportation company's stock worth $3,246,000 after acquiring an additional 15,215 shares in the last quarter. Finally, Sovran Advisors LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth $555,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD traded up $0.16 during trading hours on Thursday, hitting $114.61. 755,885 shares of the company's stock were exchanged, compared to its average volume of 1,264,785. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 5.00 and a beta of 1.07. The company's 50-day moving average price is $111.01 and its 200-day moving average price is $113.88.

Expeditors International of Washington Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. Wall Street Zen lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. UBS Group cut their price objective on 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. Finally, TD Cowen cut their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus 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.