Nichols & Pratt Advisers LLP MA Trims Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nichols & Pratt Advisers LLP MA cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 26.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,571 shares of the transportation company's stock after selling 5,270 shares during the period. Nichols & Pratt Advisers LLP MA's holdings in Expeditors International of Washington were worth $1,752,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

EXPD has been the topic of several research analyst reports. 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 report on Wednesday, May 7th. Robert W. Baird assumed coverage on Expeditors International of Washington in a research note on Tuesday. They issued a "neutral" rating and a $124.00 target price on the stock. Baird R W upgraded Expeditors International of Washington to a "hold" rating in a research report on Tuesday. 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 report on Wednesday, May 7th. Finally, UBS Group lowered their target price 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. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $114.22.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded down $0.78 on Friday, hitting $118.30. 616,682 shares of the company's stock traded hands, compared to its average volume of 1,246,859. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The company's fifty day simple moving average is $113.16 and its 200 day simple moving average is $113.29. The stock has a market capitalization of $16.20 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

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