World Investment Advisors Raises Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

World Investment Advisors raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 208.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Expeditors International of Washington by 53.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock worth $19,343,000 after acquiring an additional 56,008 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Expeditors International of Washington by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock worth $1,971,000 after acquiring an additional 430 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Expeditors International of Washington by 17.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company's stock worth $667,000 after acquiring an additional 834 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Expeditors International of Washington in the first quarter worth approximately $200,000. Finally, DAVENPORT & Co LLC bought a new stake in Expeditors International of Washington in the first quarter worth approximately $203,000. 94.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXPD has been the subject of a number of research analyst reports. Bank of America downgraded Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their target price for the stock from $117.00 to $118.00 in a report on Friday. Barclays reduced their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, May 7th. UBS Group reduced their price objective 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. JPMorgan Chase & Co. raised their price objective on Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research note on Tuesday. Finally, Baird R W raised Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $113.89.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded down $3.56 during midday trading on Friday, hitting $115.69. 1,486,589 shares of the company's stock were exchanged, compared to its average volume of 1,245,191. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The stock has a 50-day moving average price of $114.10 and a two-hundred day moving average price of $113.50. The company has a market cap 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 Increases Dividend

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