Teacher Retirement System of Texas Sells 32,042 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Teacher Retirement System of Texas cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 15.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 179,546 shares of the transportation company's stock after selling 32,042 shares during the period. Teacher Retirement System of Texas owned approximately 0.13% of Expeditors International of Washington worth $21,590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth about $25,000. SRS Capital Advisors Inc. lifted its stake in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in Expeditors International of Washington in the 1st quarter valued at about $26,000. Garde Capital Inc. acquired a new stake in Expeditors International of Washington in the 1st quarter valued at about $37,000. Finally, Colonial Trust Co SC lifted its stake in Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after purchasing an additional 130 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 1.8%

EXPD traded down $2.17 on Monday, hitting $116.22. The company's stock had a trading volume of 411,242 shares, compared to its average volume of 1,395,923. The company's 50 day simple moving average is $113.35 and its 200-day simple moving average is $113.30. The firm has a market cap of $15.92 billion, a P/E ratio of 20.32, a price-to-earnings-growth 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.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.77 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 1.4%. 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%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group lowered 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 report on Wednesday, May 7th. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. 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 report on Monday, June 30th. TD Cowen lowered 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 report on Wednesday, May 7th. Finally, Robert W. Baird began coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price on the stock. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $114.22.

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.