Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,748 shares of the transportation company’s stock after selling 227 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Expeditors International of Washington were worth $1,172,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in shares of Expeditors International of Washington during the 1st quarter worth approximately $26,000. Coppell Advisory Solutions LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $25,000. Garde Capital Inc. purchased a new position in shares of Expeditors International of Washington during the 1st quarter worth approximately $37,000. Colonial Trust Co SC boosted its position in shares of Expeditors International of Washington by 58.6% during the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock worth $39,000 after purchasing an additional 130 shares during the period. Finally, Parvin Asset Management LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD stock traded down $0.53 during trading on Friday, reaching $113.39. 50,650 shares of the company were exchanged, compared to its average volume of 1,229,032. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The company has a market cap of $15.53 billion, a P/E ratio of 19.84, a PEG ratio of 5.00 and a beta of 1.07. The stock’s 50 day moving average price is $114.48 and its 200 day moving average price is $113.56.

Expeditors International of Washington Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on EXPD shares. TD Cowen decreased their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a research report on Wednesday, May 7th. Baird R W raised shares of Expeditors International of Washington to a “hold” rating in a research report on Tuesday, July 1st. Truist Financial raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, June 30th. Barclays decreased their price objective 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. Finally, Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 price objective for the company. Five 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, the company presently has a consensus rating of “Hold” and an average target price 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.