Sequoia Financial Advisors LLC Sells 303 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sequoia Financial Advisors LLC lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.0% during the 1st quarter, Holdings Channel reports. The fund owned 2,728 shares of the transportation company’s stock after selling 303 shares during the period. Sequoia Financial Advisors LLC’s holdings in Expeditors International of Washington were worth $328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alpine Bank Wealth Management bought a new stake in Expeditors International of Washington during the 1st quarter valued at $26,000. Coppell Advisory Solutions LLC bought a new stake in Expeditors International of Washington during the 4th quarter valued at $25,000. SRS Capital Advisors Inc. boosted its position in 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 acquiring an additional 190 shares in the last quarter. Garde Capital Inc. bought a new stake in Expeditors International of Washington during the 1st quarter valued at $37,000. Finally, Colonial Trust Co SC boosted its position in 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 valued at $39,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $118.30 on Friday. The stock has a 50-day moving average of $113.16 and a two-hundred day moving average of $113.29. 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 market cap of $16.20 billion, a P/E ratio of 20.68, a P/E/G ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Baird R W raised Expeditors International of Washington to a “hold” rating in a research report on Tuesday. UBS Group lowered 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 report on Wednesday, May 7th. Truist Financial raised their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday. Robert W. Baird began coverage on Expeditors International of Washington in a research report on Tuesday. They issued a “neutral” rating and a $124.00 price objective for the company. Finally, TD Cowen lowered their price objective on 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. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $114.22.

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.