Wealth Enhancement Advisory Services LLC Has $19.34 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Wealth Enhancement Advisory Services LLC grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 53.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 160,855 shares of the transportation company's stock after buying an additional 56,008 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.12% of Expeditors International of Washington worth $19,343,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Eagle Investment Management LLC boosted its holdings in Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after buying an additional 987,233 shares during the last quarter. Boston Partners raised its position in Expeditors International of Washington by 29.7% in the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after buying an additional 869,637 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Expeditors International of Washington by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock worth $374,771,000 after purchasing an additional 57,736 shares during the last quarter. First Trust Advisors LP increased its position in shares of Expeditors International of Washington by 33.8% during the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after purchasing an additional 690,539 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Expeditors International of Washington by 10.6% during the 4th quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock worth $272,874,000 after acquiring an additional 235,409 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Up 0.4%

Shares of EXPD opened at $113.59 on Friday. The company has a market capitalization of $15.56 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 5.00 and a beta of 1.07. The stock has a 50 day moving average of $111.79 and a 200 day moving average of $113.51. 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 company also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.77 dividend. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a yield of 1.4%. The ex-dividend date was Monday, June 2nd. Expeditors International of Washington's dividend payout ratio (DPR) is currently 25.58%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. TD Cowen lowered their price target on 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. Barclays cut their target price on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 7th. Truist Financial cut their price target on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. UBS Group cut their price target on 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. Finally, Susquehanna increased their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of "Hold" and a consensus price target of $113.89.

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.

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