Sound Financial Strategies Group LLC Sells 2,586 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Sound Financial Strategies Group LLC has reduced its stake in Expeditors International of Washington by 35.7%, selling 2,586 shares to hold a total of 4,652 shares valued at $559,000.
• Expeditors International of Washington has increased its semi-annual dividend to $0.77 per share, up from $0.73, reflecting a payout ratio of 25.58%.
• Institutional investors own 94.02% of Expeditors International of Washington's stock, indicating strong institutional support for the company.

Sound Financial Strategies Group LLC lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 35.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,652 shares of the transportation company's stock after selling 2,586 shares during the period. Sound Financial Strategies Group LLC's holdings in Expeditors International of Washington were worth $559,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EXPD. Orion Portfolio Solutions LLC boosted its stake in shares of Expeditors International of Washington by 8.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 2,355 shares of the transportation company's stock worth $261,000 after acquiring an additional 193 shares during the period. Geode Capital Management LLC boosted its stake in shares of Expeditors International of Washington by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock worth $374,771,000 after acquiring an additional 57,736 shares during the period. Huntington National Bank boosted its stake in shares of Expeditors International of Washington by 65.0% in the fourth quarter. Huntington National Bank now owns 3,027 shares of the transportation company's stock worth $335,000 after acquiring an additional 1,192 shares during the period. World Investment Advisors boosted its stake in shares of Expeditors International of Washington by 44.7% in the fourth quarter. World Investment Advisors now owns 2,442 shares of the transportation company's stock worth $271,000 after acquiring an additional 754 shares during the period. Finally, ExodusPoint Capital Management LP bought a new position in shares of Expeditors International of Washington in the fourth quarter worth about $7,298,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $114.74 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The stock's 50 day simple moving average is $114.44 and its two-hundred day simple moving average is $113.84. The company has a market cap of $15.71 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.77 per share. This represents a yield of 140.0%. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date was Monday, June 2nd. Expeditors International of Washington's dividend payout ratio (DPR) is currently 25.58%.

Analyst Ratings Changes

EXPD has been the subject of a number of recent analyst reports. Baird R W raised Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Truist Financial upped their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Monday, June 30th. UBS Group dropped their price target on 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 assumed coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price target for the company. Finally, Bank of America lowered Expeditors International of Washington from a "neutral" rating to an "underperform" rating and increased their price target for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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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