Vest Financial LLC Sells 10,693 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Vest Financial LLC cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 487,093 shares of the transportation company's stock after selling 10,693 shares during the period. Vest Financial LLC owned 0.35% of Expeditors International of Washington worth $58,573,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EXPD. Coppell Advisory Solutions LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $25,000. SRS Capital Advisors Inc. lifted its stake in 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 valued at $26,000 after buying an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new position in Expeditors International of Washington in the fourth quarter valued at approximately $39,000. Colonial Trust Co SC lifted its stake in 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 valued at $39,000 after buying an additional 130 shares during the period. Finally, Parvin Asset Management LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at approximately $42,000. 94.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EXPD shares. Barclays dropped their price target on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 7th. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. UBS Group dropped 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. TD Cowen dropped their price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD traded up $1.21 during trading on Friday, reaching $112.36. 1,029,982 shares of the stock were exchanged, compared to its average volume of 1,268,667. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The stock has a fifty day moving average of $110.82 and a two-hundred day moving average of $114.06. The firm has a market cap of $15.39 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.77 per share. This represents a dividend yield of 1.4%. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date is Monday, June 2nd. Expeditors International of Washington's dividend payout ratio 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.