Wendell David Associates Inc. Reduces Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Wendell David Associates Inc. lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 32.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,847 shares of the transportation company's stock after selling 4,168 shares during the period. Wendell David Associates Inc.'s holdings in Expeditors International of Washington were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sowell Financial Services LLC bought a new position in Expeditors International of Washington in the 1st quarter worth about $200,000. Janney Montgomery Scott LLC grew its holdings in shares of Expeditors International of Washington by 2.8% during the first quarter. Janney Montgomery Scott LLC now owns 104,104 shares of the transportation company's stock worth $12,519,000 after purchasing an additional 2,822 shares in the last quarter. Mission Wealth Management LP increased its position in shares of Expeditors International of Washington by 3.7% in the first quarter. Mission Wealth Management LP now owns 11,332 shares of the transportation company's stock worth $1,363,000 after purchasing an additional 405 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in Expeditors International of Washington in the first quarter valued at approximately $262,000. Finally, Exchange Traded Concepts LLC lifted its position in Expeditors International of Washington by 33.3% during the first quarter. Exchange Traded Concepts LLC now owns 16,023 shares of the transportation company's stock valued at $1,927,000 after purchasing an additional 4,001 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD traded up $0.51 during trading on Friday, hitting $113.59. 2,809,639 shares of the company's stock traded hands, compared to its average volume of 1,269,858. The stock has a fifty day moving average of $111.72 and a two-hundred day moving average of $113.61. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The firm has a market cap of $15.56 billion, a P/E ratio of 19.86, a PEG ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.77 dividend. This represents a dividend yield of 1.4%. The ex-dividend date was Monday, June 2nd. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's payout ratio is 25.58%.

Analyst Ratings Changes

A number of equities analysts have commented on EXPD shares. 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 research note on Wednesday, May 7th. Susquehanna raised their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. UBS Group dropped their price target on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Truist Financial cut their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, Barclays decreased their price objective on 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. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $113.89.

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.