State of Wyoming boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 435.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,472 shares of the transportation company's stock after purchasing an additional 4,451 shares during the quarter. State of Wyoming's holdings in Expeditors International of Washington were worth $606,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Drystone LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth $5,925,000. Allworth Financial LP lifted its stake in Expeditors International of Washington by 22.9% in the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after purchasing an additional 1,216 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Expeditors International of Washington by 37.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company's stock worth $8,459,000 after purchasing an additional 20,658 shares in the last quarter. Beaumont Financial Advisors LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth $342,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth $11,219,000. 94.02% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on EXPD shares. Wall Street Zen downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Susquehanna upped their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Barclays lowered 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 research report on Wednesday, May 7th. Finally, TD Cowen decreased their target price on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and an average price target of $113.89.
View Our Latest Stock Report on EXPD
Expeditors International of Washington Stock Down 1.0%
Shares of EXPD traded down $1.14 during trading on Friday, reaching $112.55. 1,102,868 shares of the company traded hands, compared to its average volume of 1,291,888. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The stock has a market cap of $15.41 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The stock has a 50-day simple moving average of $112.08 and a 200-day simple moving average of $114.53.
Expeditors International of Washington Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.77 dividend. This represents a dividend yield of 1.4%. The ex-dividend date is Monday, June 2nd. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend payout ratio (DPR) is 25.58%.
Expeditors International of Washington Company Profile
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Free Report)
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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