City National Bank of Florida MSD Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

City National Bank of Florida MSD purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,458 shares of the transportation company’s stock, valued at approximately $272,000.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. 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. Susquehanna upped their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Barclays reduced their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 7th. Stifel Nicolaus dropped their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, Truist Financial cut their target price on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $113.89.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $113.40 on Thursday. The company has a market capitalization of $15.53 billion, a PE ratio of 19.83, a P/E/G ratio of 5.00 and a beta of 1.09. The company has a 50 day moving average price of $112.23 and a 200-day moving average price of $114.67. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.77 per share. The ex-dividend date of this dividend 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 payout ratio is 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.