Ellevest Inc. Lowers Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Ellevest Inc. reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,371 shares of the transportation company’s stock after selling 315 shares during the period. Ellevest Inc.’s holdings in Expeditors International of Washington were worth $373,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EXPD. Coppell Advisory Solutions LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter valued at $25,000. SRS Capital Advisors Inc. lifted its holdings in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after buying an additional 190 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in Expeditors International of Washington in the 4th quarter valued at about $39,000. Colonial Trust Co SC grew its stake in shares of Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 130 shares in the last quarter. Finally, Parvin Asset Management LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $42,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $109.27 on Friday. The company has a market capitalization of $15.05 billion, a P/E ratio of 19.10, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The company’s 50 day simple moving average is $112.78 and its 200 day simple moving average is $114.85.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.77 per share. This represents a yield of 1.4%. The ex-dividend date is Monday, June 2nd. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s payout ratio is presently 25.58%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EXPD shares. Barclays lowered their price target on Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Bank of America dropped their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Susquehanna raised their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Finally, TD Cowen lowered their target price on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a report on Wednesday. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $113.70.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington 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.