Nisa Investment Advisors LLC Boosts Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Nisa Investment Advisors LLC increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 23.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,305 shares of the transportation company's stock after buying an additional 3,678 shares during the period. Nisa Investment Advisors LLC's holdings in Expeditors International of Washington were worth $2,321,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Banque Pictet & Cie SA raised its stake in Expeditors International of Washington by 2.3% in the first quarter. Banque Pictet & Cie SA now owns 73,991 shares of the transportation company's stock worth $8,897,000 after buying an additional 1,655 shares in the last quarter. Greenleaf Trust increased its stake in shares of Expeditors International of Washington by 2.5% during the first quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock valued at $546,000 after purchasing an additional 112 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Expeditors International of Washington by 1.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 814,261 shares of the transportation company's stock valued at $95,613,000 after purchasing an additional 10,454 shares in the last quarter. Personal CFO Solutions LLC bought a new position in shares of Expeditors International of Washington during the first quarter valued at approximately $272,000. Finally, Brown Advisory Inc. increased its stake in shares of Expeditors International of Washington by 2.4% during the first quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company's stock valued at $1,249,000 after purchasing an additional 246 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Trading Down 3.0%

Shares of EXPD stock opened at $115.69 on Monday. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The firm's 50 day moving average is $114.10 and its 200 day moving average is $113.51. The stock has a market capitalization of $15.84 billion, a P/E ratio of 20.23, a P/E/G ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.77 dividend. The ex-dividend date was Monday, June 2nd. This represents a yield of 1.4%. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend payout ratio (DPR) is currently 25.58%.

Analyst Ratings Changes

A number of equities analysts have weighed in on EXPD shares. UBS Group decreased their target price on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Robert W. Baird started coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Truist Financial raised their price target 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. Finally, Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of "Hold" and an average target price 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.

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