TD Asset Management Inc Purchases 195,036 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• TD Asset Management Inc increased their stake in Expeditors International by 18.1%, acquiring an additional 195,036 shares, bringing their total holdings to approximately 1.27 million shares, worth around $152.8 million.
• Expeditors International is currently facing mixed ratings from analysts, with a consensus rating of "Hold" and a target price of approximately $113.89.
• The company recently announced a semi-annual dividend increase from $0.73 to $0.77 per share, reflecting a 1.4% dividend yield.

TD Asset Management Inc increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 18.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,270,899 shares of the transportation company's stock after acquiring an additional 195,036 shares during the period. TD Asset Management Inc owned about 0.92% of Expeditors International of Washington worth $152,826,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EXPD. NDVR Inc. grew its holdings in shares of Expeditors International of Washington by 5.8% during the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after acquiring an additional 99 shares during the period. Azimuth Capital Investment Management LLC grew its holdings in shares of Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock worth $260,000 after acquiring an additional 100 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in shares of Expeditors International of Washington by 6.6% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock worth $199,000 after acquiring an additional 103 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Expeditors International of Washington by 11.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock worth $132,000 after acquiring an additional 109 shares during the period. Finally, Greenleaf Trust grew its holdings in shares of Expeditors International of Washington by 2.5% during the 1st quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock worth $546,000 after acquiring an additional 112 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EXPD. Barclays reduced their target price on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a report on Wednesday, May 7th. Bank of America downgraded Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their target price for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Truist Financial upped their price target 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 cut their price target on 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. Finally, Robert W. Baird started coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target on the stock. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Trading Down 0.9%

EXPD stock traded down $1.04 during midday trading on Wednesday, hitting $113.43. The company's stock had a trading volume of 342,255 shares, compared to its average volume of 1,362,710. The company has a market cap of $15.53 billion, a PE ratio of 19.83, a P/E/G 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 firm's 50-day moving average is $114.39 and its 200-day moving average is $113.77.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.77 dividend. The ex-dividend date of this dividend 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 is 25.58%.

Expeditors International of Washington 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.