Personal CFO Solutions LLC Makes New $272,000 Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Personal CFO Solutions LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,262 shares of the transportation company's stock, valued at approximately $272,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. First Eagle Investment Management LLC grew its position 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 purchasing an additional 987,233 shares during the last quarter. Norges Bank purchased a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $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 valued at $420,693,000 after acquiring an additional 869,637 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Expeditors International of Washington by 33.8% during the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock valued at $302,936,000 after acquiring an additional 690,539 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Expeditors International of Washington by 13,910.4% during the 1st quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock valued at $61,021,000 after acquiring an additional 503,833 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXPD. 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 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. TD Cowen dropped their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a report on Tuesday. Finally, Robert W. Baird started coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price objective on the stock. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington currently has an average rating of "Hold" and an average target price of $114.11.

Expeditors International of Washington Stock Up 1.7%

Shares of EXPD stock traded up $2.02 on Thursday, hitting $119.29. The stock had a trading volume of 1,195,991 shares, compared to its average volume of 1,245,700. The business has a 50 day moving average price of $113.84 and a 200 day moving average price of $113.39. The company has a market cap of $16.34 billion, a PE ratio of 20.86, a P/E/G ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.77 dividend. 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 was Monday, June 2nd. Expeditors International of Washington's 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.