Expeditors International of Washington, Inc. (NASDAQ:EXPD) Position Raised by Victory Capital Management Inc.

Victory Capital Management Inc. boosted 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 filing with the Securities and Exchange Commission. The fund owned 312,180 shares of the transportation company's stock after acquiring an additional 6,111 shares during the period. Victory Capital Management Inc. owned 0.23% of Expeditors International of Washington worth $37,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC purchased a new position in Expeditors International of Washington in the 4th quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new position in Expeditors International of Washington in the 1st quarter valued at about $26,000. Garde Capital Inc. purchased a new position in Expeditors International of Washington in the 1st quarter valued at about $37,000. Colonial Trust Co SC lifted its holdings in shares of 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 worth $39,000 after acquiring an additional 130 shares during the period. Finally, Parvin Asset Management LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth about $42,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. 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 report on Wednesday, May 7th. Barclays cut their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a report on Wednesday, May 7th. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Robert W. Baird assumed coverage on shares of 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. Finally, UBS Group dropped their target price on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of "Hold" and a consensus target price of $113.89.

Expeditors International of Washington Stock Up 1.1%

Shares of EXPD traded up $1.21 during mid-day trading on Wednesday, reaching $115.54. 803,438 shares of the stock traded hands, compared to its average volume of 1,226,477. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 5.00 and a beta of 1.07. The stock has a fifty day simple moving average of $114.44 and a 200 day simple moving average of $113.62. 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 declared 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 of this dividend was Monday, June 2nd. This represents a dividend yield of 1.4%. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend payout ratio (DPR) is presently 25.58%.

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.