Royal Bank of Canada Trims Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Royal Bank of Canada lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 31.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 933,743 shares of the transportation company's stock after selling 427,930 shares during the period. Royal Bank of Canada owned 0.67% of Expeditors International of Washington worth $103,430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXPD. Coppell Advisory Solutions LLC purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth $25,000. SRS Capital Advisors Inc. raised its holdings in shares of Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth $39,000. Colonial Trust Co SC raised its holdings in shares of Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after purchasing an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Down 1.0%

Shares of NASDAQ EXPD traded down $1.14 during trading on Friday, hitting $112.55. The company had a trading volume of 1,102,868 shares, compared to its average volume of 1,291,888. The stock has a fifty day simple moving average of $112.08 and a two-hundred day simple moving average of $114.49. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The firm has a market capitalization of $15.41 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.77 dividend. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 1.4%. Expeditors International of Washington's dividend payout ratio (DPR) is 25.58%.

Analyst Ratings Changes

Several research analysts recently issued reports on EXPD shares. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Truist Financial dropped their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. UBS Group dropped their price target on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Susquehanna raised their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Finally, 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 research report on Wednesday, May 7th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $113.89.

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.