Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 29.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,512 shares of the transportation company's stock after selling 56,100 shares during the period. New York State Common Retirement Fund owned 0.10% of Expeditors International of Washington worth $15,935,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EXPD. Ballentine Partners LLC lifted its holdings in Expeditors International of Washington by 26.8% in the first quarter. Ballentine Partners LLC now owns 2,406 shares of the transportation company's stock worth $289,000 after buying an additional 509 shares during the period. Chapman Investment Management LLC raised its stake in Expeditors International of Washington by 5.5% during the 1st quarter. Chapman Investment Management LLC now owns 20,001 shares of the transportation company's stock valued at $2,405,000 after buying an additional 1,034 shares during the last quarter. Xponance Inc. raised its stake in Expeditors International of Washington by 0.7% during the 1st quarter. Xponance Inc. now owns 21,751 shares of the transportation company's stock valued at $2,616,000 after buying an additional 153 shares during the last quarter. Genus Capital Management Inc. purchased a new stake in Expeditors International of Washington during the 1st quarter valued at $3,992,000. Finally, Cerity Partners LLC raised its stake in Expeditors International of Washington by 4.2% during the 1st quarter. Cerity Partners LLC now owns 76,729 shares of the transportation company's stock valued at $9,227,000 after buying an additional 3,124 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 2.0%

Shares of NASDAQ EXPD traded down $2.28 during midday trading on Friday, reaching $111.64. 1,809,934 shares of the company's stock traded hands, compared to its average volume of 1,228,200. The stock's 50 day simple moving average is $114.53 and its 200-day simple moving average is $113.58. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The company has a market cap of $15.29 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Stockholders 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 dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 2nd. Expeditors International of Washington's payout ratio is presently 25.58%.

Analysts Set New Price Targets

EXPD has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research report on Tuesday, July 8th. 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 boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday, June 30th. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Finally, Bank of America downgraded shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their target price for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $113.89.

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.