Sumitomo Mitsui Trust Group Inc. Has $46.51 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386,782 shares of the transportation company's stock after selling 2,409 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.28% of Expeditors International of Washington worth $46,511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $25,000. SRS Capital Advisors Inc. increased 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 buying an additional 190 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Expeditors International of Washington during the first quarter worth approximately $26,000. Garde Capital Inc. acquired a new stake in shares of Expeditors International of Washington during the first quarter worth approximately $37,000. Finally, Colonial Trust Co SC increased 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 buying an additional 130 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EXPD shares. TD Cowen decreased 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 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. Truist Financial increased their price target 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. Robert W. Baird started coverage on shares of Expeditors International of Washington in a research note on Tuesday. They set a "neutral" rating and a $124.00 price target on the stock. Finally, Barclays decreased their price target 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. Four analysts have rated the stock with a sell rating and nine 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 a consensus target price of $114.22.

Expeditors International of Washington Stock Up 1.0%

EXPD stock traded up $1.21 during midday trading on Wednesday, reaching $119.19. The company's stock had a trading volume of 923,584 shares, compared to its average volume of 1,246,825. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The stock has a market cap of $16.32 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. The business's 50-day simple moving average is $112.77 and its 200-day simple moving average is $113.24.

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 paid a $0.77 dividend. The ex-dividend date was Monday, June 2nd. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a yield of 1.4%. Expeditors International of Washington's dividend payout ratio (DPR) is presently 25.58%.

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.