Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by World Investment Advisors

World Investment Advisors raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 208.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,530 shares of the transportation company's stock after purchasing an additional 5,088 shares during the quarter. World Investment Advisors' holdings in Expeditors International of Washington were worth $905,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its position in shares of Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after purchasing an additional 987,233 shares during the last quarter. Boston Partners raised its position in shares of Expeditors International of Washington by 29.7% during the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after purchasing an additional 869,637 shares during the last quarter. Geode Capital Management LLC raised 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 raised 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. raised its position 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 purchasing an additional 235,409 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD traded down $3.56 during midday trading on Friday, reaching $115.69. 1,486,589 shares of the stock were exchanged, compared to its average volume of 1,248,460. The company has a 50 day simple moving average of $114.04 and a 200 day simple moving average of $113.45. The stock has a market capitalization of $15.84 billion, a P/E ratio of 20.23, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a dividend yield of 1.4%. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend payout ratio (DPR) is presently 25.58%.

Wall Street Analyst Weigh In

EXPD has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday. Barclays reduced their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research report on Wednesday, May 7th. Bank of America downgraded shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and increased their price objective for the company from $117.00 to $118.00 in a report on Friday. UBS Group cut their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, TD Cowen cut their price objective 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. Five 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, the company currently has a consensus 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.