World Investment Advisors Buys 5,088 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

World Investment Advisors lifted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 208.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,530 shares of the transportation company's stock after buying an additional 5,088 shares during the quarter. World Investment Advisors' holdings in Expeditors International of Washington were worth $905,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Investment Advisory Services LLC purchased a new stake in Expeditors International of Washington during the 1st quarter valued at about $243,000. Catalyst Capital Advisors LLC purchased a new stake in Expeditors International of Washington during the 1st quarter valued at about $63,000. IFM Investors Pty Ltd grew its position in Expeditors International of Washington by 13.1% during the 1st quarter. IFM Investors Pty Ltd now owns 30,481 shares of the transportation company's stock valued at $4,005,000 after purchasing an additional 3,520 shares during the last quarter. Resonant Capital Advisors LLC grew its position in Expeditors International of Washington by 5.0% during the 1st quarter. Resonant Capital Advisors LLC now owns 8,025 shares of the transportation company's stock valued at $965,000 after purchasing an additional 383 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in Expeditors International of Washington by 291.9% during the 1st quarter. First Horizon Advisors Inc. now owns 1,156 shares of the transportation company's stock valued at $139,000 after purchasing an additional 861 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EXPD. 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 research report on Wednesday, May 7th. UBS Group dropped 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. Barclays dropped their price target 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. JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a report on Tuesday. Finally, Truist Financial raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a report on Monday, June 30th. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $114.11.

Expeditors International of Washington Price Performance

Shares of EXPD traded up $0.44 on Wednesday, reaching $117.76. The company's stock had a trading volume of 1,141,073 shares, compared to its average volume of 1,245,341. The stock has a market capitalization of $16.13 billion, a P/E ratio of 20.59, a PEG ratio of 5.00 and a beta of 1.07. The stock's 50 day simple moving average is $113.68 and its two-hundred day simple moving average is $113.36. 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 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 yield of 1.4%. Expeditors International of Washington's dividend payout ratio (DPR) 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.