Tobam Takes $1.14 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Tobam acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 9,454 shares of the transportation company's stock, valued at approximately $1,137,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EXPD. Coppell Advisory Solutions LLC bought a new stake in Expeditors International of Washington in the 4th quarter valued at $25,000. SRS Capital Advisors Inc. increased its holdings in shares of Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $39,000. Colonial Trust Co SC lifted its position in shares of Expeditors International of Washington by 58.6% in 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. Finally, Parvin Asset Management LLC bought a new position in Expeditors International of Washington during the fourth quarter valued at approximately $42,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD traded down $0.33 during trading on Friday, reaching $114.25. 1,416,215 shares of the company were exchanged, compared to its average volume of 1,266,037. The business's fifty day simple moving average is $111.01 and its 200-day simple moving average is $113.88. The firm has a market capitalization of $15.65 billion, a PE ratio of 19.97, 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.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This is an increase 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 payout ratio is currently 25.58%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on EXPD shares. Wall Street Zen cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Truist Financial lowered their price target on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. TD Cowen cut their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research report on Wednesday, May 7th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Finally, UBS Group reduced their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $113.89.

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.