Principal Financial Group Inc. Has $149.29 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Principal Financial Group Inc. reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,241,497 shares of the transportation company's stock after selling 17,727 shares during the quarter. Principal Financial Group Inc. owned approximately 0.90% of Expeditors International of Washington worth $149,290,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in Expeditors International of Washington by 53.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock valued at $19,343,000 after acquiring an additional 56,008 shares during the period. State of Alaska Department of Revenue increased its position in Expeditors International of Washington by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock valued at $1,971,000 after acquiring an additional 430 shares during the period. Sowell Financial Services LLC acquired a new position in Expeditors International of Washington in the 1st quarter valued at approximately $200,000. Oppenheimer & Co. Inc. increased its position in Expeditors International of Washington by 9.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 3,987 shares of the transportation company's stock valued at $479,000 after acquiring an additional 360 shares during the period. Finally, GAMMA Investing LLC increased its position in Expeditors International of Washington by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 4,220 shares of the transportation company's stock valued at $507,000 after acquiring an additional 598 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 0.7%

NASDAQ EXPD traded down $0.78 on Friday, hitting $118.30. 616,682 shares of the company were exchanged, compared to its average volume of 1,248,689. The company has a market cap of $16.20 billion, a PE ratio of 20.68, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The stock has a fifty day moving average of $113.35 and a 200-day moving average of $113.30.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.77 per share. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 1.4%. Expeditors International of Washington's dividend payout ratio is presently 25.58%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EXPD. UBS Group reduced their price objective 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. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Barclays reduced their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note 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 objective on the stock. Finally, Truist Financial upped 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 note on Monday, June 30th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, Expeditors International of Washington has an average rating of "Hold" and an average price target of $114.22.

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.