Wealth Enhancement Advisory Services LLC Reduces Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,847 shares of the transportation company's stock after selling 4,985 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.08% of Expeditors International of Washington worth $11,614,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP increased its stake in shares of Expeditors International of Washington by 22.9% during the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after purchasing an additional 1,216 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Expeditors International of Washington by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company's stock valued at $8,459,000 after buying an additional 20,658 shares during the last quarter. Everett Harris & Co. CA grew its stake in shares of Expeditors International of Washington by 2.1% during the 4th quarter. Everett Harris & Co. CA now owns 218,766 shares of the transportation company's stock worth $24,233,000 after acquiring an additional 4,405 shares during the period. Compass Capital Management Inc. grew its stake in shares of Expeditors International of Washington by 1.3% during the 4th quarter. Compass Capital Management Inc. now owns 475,342 shares of the transportation company's stock worth $52,654,000 after acquiring an additional 6,262 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth about $13,008,000. Institutional investors own 94.02% of the company's stock.

Wall Street Analyst Weigh In

EXPD has been the subject of several recent research reports. Truist Financial reduced their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Susquehanna increased their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. TD Cowen cut their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a report on Wednesday, May 7th. Finally, UBS Group decreased their price target on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Stock Performance

EXPD traded up $0.02 during midday trading on Wednesday, hitting $111.78. The stock had a trading volume of 738,230 shares, compared to its average volume of 1,272,710. The company has a market cap of $15.31 billion, a P/E ratio of 19.54, 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 business has a fifty day moving average of $111.20 and a 200 day moving average of $114.16.

Expeditors International of Washington Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.77 per share. This represents a 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 of this dividend is Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is presently 25.58%.

Expeditors International of Washington Company 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.