Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Free Report) has been assigned a consensus rating of “Reduce” from the twelve research firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $113.89.
A number of research analysts recently issued reports on EXPD shares. Barclays reduced their price objective on 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. JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 8th. Truist Financial upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, June 30th. Bank of America lowered Expeditors International of Washington from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Finally, Robert W. Baird began coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 price target for the company.
Read Our Latest Stock Report on EXPD
Expeditors International of Washington Stock Down 1.4%
Expeditors International of Washington Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.77 dividend. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.73. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 1.4%. Expeditors International of Washington’s dividend payout ratio is 25.58%.
Institutional Trading of Expeditors International of Washington
Institutional investors have recently modified their holdings of the company. Harrell Investment Partners LLC purchased a new stake in shares of Expeditors International of Washington during the second quarter valued at $691,000. GAMMA Investing LLC raised its position in Expeditors International of Washington by 48.8% during the second quarter. GAMMA Investing LLC now owns 6,280 shares of the transportation company’s stock valued at $717,000 after buying an additional 2,060 shares during the period. Sowell Financial Services LLC raised its position in Expeditors International of Washington by 16.1% during the second quarter. Sowell Financial Services LLC now owns 1,936 shares of the transportation company’s stock valued at $221,000 after buying an additional 269 shares during the period. Global X Japan Co. Ltd. raised its position in Expeditors International of Washington by 3.1% during the second quarter. Global X Japan Co. Ltd. now owns 5,527 shares of the transportation company’s stock valued at $631,000 after buying an additional 168 shares during the period. Finally, IFM Investors Pty Ltd raised its position in Expeditors International of Washington by 2.4% during the second quarter. IFM Investors Pty Ltd now owns 29,266 shares of the transportation company’s stock valued at $3,344,000 after buying an additional 682 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.
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.
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