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

Wealth Enhancement Advisory Services LLC lifted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 53.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,855 shares of the transportation company's stock after purchasing an additional 56,008 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.12% of Expeditors International of Washington worth $19,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sanctuary Advisors LLC boosted its holdings in Expeditors International of Washington by 2.8% in the fourth quarter. Sanctuary Advisors LLC now owns 33,567 shares of the transportation company's stock worth $3,818,000 after purchasing an additional 910 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Expeditors International of Washington by 4.0% during the 4th quarter. CIBC Asset Management Inc now owns 21,466 shares of the transportation company's stock valued at $2,378,000 after buying an additional 823 shares during the period. Ieq Capital LLC lifted its holdings in shares of Expeditors International of Washington by 8.0% during the 4th quarter. Ieq Capital LLC now owns 14,056 shares of the transportation company's stock valued at $1,557,000 after buying an additional 1,045 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of Expeditors International of Washington by 5.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 2,951 shares of the transportation company's stock worth $327,000 after buying an additional 148 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Expeditors International of Washington by 29.0% in the 4th quarter. Allianz Asset Management GmbH now owns 296,545 shares of the transportation company's stock worth $32,848,000 after buying an additional 66,601 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

Shares of EXPD traded down $1.79 during mid-day trading on Wednesday, reaching $112.37. The stock had a trading volume of 978,168 shares, compared to its average volume of 1,248,104. The business has a fifty day moving average of $111.93 and a 200 day moving average of $113.43. The firm has a market cap of $15.39 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 5.00 and a beta of 1.07. 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. Investors of record on Monday, June 2nd were paid a dividend of $0.77 per share. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 1.4%. Expeditors International of Washington's payout ratio is 25.58%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EXPD shares. TD Cowen lowered their target price on 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. UBS Group lowered their price objective on shares of 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. Truist Financial dropped their price objective on shares of 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. Barclays reduced 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 report on Wednesday, May 7th. Finally, 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 research report on Monday, March 3rd. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $113.89.

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.