Universal Beteiligungs und Servicegesellschaft mbH Decreases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 179,300 shares of the transportation company's stock after selling 5,652 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of Expeditors International of Washington worth $21,561,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EXPD. Alpine Bank Wealth Management purchased a new position in shares of Expeditors International of Washington in the first quarter worth $26,000. Coppell Advisory Solutions LLC purchased a new position in Expeditors International of Washington in the 4th quarter worth $25,000. Garde Capital Inc. acquired a new stake in Expeditors International of Washington during the 1st quarter worth about $37,000. Colonial Trust Co SC grew its stake in Expeditors International of Washington by 58.6% during 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. Finally, Parvin Asset Management LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EXPD shares. Truist Financial lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday, June 30th. UBS Group decreased their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price objective on the stock. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock traded down $0.26 on Friday, hitting $116.58. The company's stock had a trading volume of 912,467 shares, compared to its average volume of 1,371,896. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The firm has a fifty day moving average price of $114.47 and a 200-day moving average price of $113.72.

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