Shell Asset Management Co. Cuts Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Shell Asset Management Co. lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 17.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,104 shares of the transportation company's stock after selling 4,949 shares during the quarter. Shell Asset Management Co.'s holdings in Expeditors International of Washington were worth $2,670,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. NDVR Inc. increased its stake in Expeditors International of Washington by 5.8% during the fourth quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after acquiring an additional 99 shares during the last quarter. Azimuth Capital Investment Management LLC boosted its holdings in shares of Expeditors International of Washington by 4.4% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock worth $260,000 after purchasing an additional 100 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of Expeditors International of Washington by 3.5% in the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock worth $336,000 after purchasing an additional 103 shares during the period. Chapman Investment Management LLC increased its position in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock valued at $2,101,000 after purchasing an additional 112 shares during the last quarter. Finally, OLD National Bancorp IN raised its holdings in Expeditors International of Washington by 5.3% during the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock valued at $247,000 after buying an additional 113 shares during the period. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Down 0.1%

NASDAQ:EXPD traded down $0.11 during midday trading on Thursday, hitting $113.36. The stock had a trading volume of 336,059 shares, compared to its average volume of 1,286,031. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The stock has a 50-day moving average of $112.23 and a 200 day moving average of $114.67. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group cut 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 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 for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. Truist Financial decreased their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Finally, TD Cowen cut their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research note on Wednesday, May 7th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.