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

Personal CFO Solutions LLC acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,262 shares of the transportation company's stock, valued at approximately $272,000.

Other institutional investors also recently bought and sold shares of the company. Coppell Advisory Solutions LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $25,000. Alpine Bank Wealth Management bought a new stake in shares of Expeditors International of Washington during the first quarter worth $26,000. Garde Capital Inc. acquired a new stake in shares of Expeditors International of Washington during the 1st quarter worth approximately $37,000. Colonial Trust Co SC grew its position in shares of Expeditors International of Washington by 58.6% during the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after buying an additional 130 shares during the period. Finally, Parvin Asset Management LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $42,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Down 3.0%

Shares of EXPD stock traded down $3.56 on Friday, reaching $115.69. The company had a trading volume of 1,486,589 shares, compared to its average volume of 1,245,191. The stock has a market capitalization of $15.84 billion, a PE ratio of 20.23, a price-to-earnings-growth 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. The business's 50-day moving average is $114.10 and its 200 day moving average is $113.51.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.77 per share. This represents a yield of 1.4%. The ex-dividend date was Monday, June 2nd. This is an increase 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%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EXPD. Barclays reduced their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday, May 7th. Bank of America downgraded shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their price objective for the company from $117.00 to $118.00 in a report on Friday. TD Cowen decreased their price objective 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. Robert W. Baird began 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 target on the stock. Finally, JPMorgan Chase & Co. upped 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 research note on Tuesday, July 8th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington 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.