US Bancorp DE Has $26.25 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• US Bancorp DE increased its stake in Expeditors International by 2.0%, acquiring an additional 4,371 shares, bringing their total ownership to 218,329 shares worth approximately $26.25 million.
• Expeditors International recently raised its semi-annual dividend from $0.73 to $0.77, reflecting a payout ratio of 25.58% and a significant yield increase.
• Analyst ratings for Expeditors International show a consensus of "Hold" with a target price averaging $113.89, highlighting mixed outlooks from various investment banks.

US Bancorp DE raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 218,329 shares of the transportation company's stock after buying an additional 4,371 shares during the quarter. US Bancorp DE owned about 0.16% of Expeditors International of Washington worth $26,254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Expeditors International of Washington by 53.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock valued at $19,343,000 after buying an additional 56,008 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Expeditors International of Washington by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock valued at $1,971,000 after purchasing an additional 430 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Expeditors International of Washington by 17.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company's stock valued at $667,000 after purchasing an additional 834 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Expeditors International of Washington by 2.4% in the first quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company's stock worth $1,249,000 after buying an additional 246 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new position in Expeditors International of Washington in the first quarter worth approximately $203,000. Institutional investors own 94.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Bank of America cut shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their target price for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Robert W. Baird initiated coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price for the company. 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. Barclays dropped their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research report on Wednesday, May 7th. Finally, Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $114.22.

Expeditors International of Washington Trading Down 0.7%

Expeditors International of Washington stock traded down $0.77 during midday trading on Thursday, reaching $117.96. 1,121,886 shares of the stock traded hands, compared to its average volume of 1,386,093. The firm has a fifty day moving average price of $114.70 and a two-hundred day moving average price of $113.95. The firm has a market cap of $16.15 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59.

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.