Expeditors International of Washington, Inc. (NASDAQ:EXPD) Position Cut by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 19.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 293,479 shares of the transportation company’s stock after selling 72,548 shares during the quarter. Ameriprise Financial Inc.’s holdings in Expeditors International of Washington were worth $32,509,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Barclays PLC grew its stake in shares of Expeditors International of Washington by 2.4% in the third quarter. Barclays PLC now owns 571,548 shares of the transportation company’s stock worth $75,099,000 after purchasing an additional 13,479 shares in the last quarter. Czech National Bank grew its position in Expeditors International of Washington by 5.6% in the 4th quarter. Czech National Bank now owns 30,350 shares of the transportation company’s stock valued at $3,362,000 after buying an additional 1,601 shares in the last quarter. Oak Thistle LLC acquired a new position in Expeditors International of Washington during the 4th quarter valued at about $534,000. Park Avenue Securities LLC raised its position in shares of Expeditors International of Washington by 14.9% during the 4th quarter. Park Avenue Securities LLC now owns 2,885 shares of the transportation company’s stock worth $320,000 after buying an additional 374 shares in the last quarter. Finally, Gateway Investment Advisers LLC lifted its stake in shares of Expeditors International of Washington by 19.9% in the 4th quarter. Gateway Investment Advisers LLC now owns 11,051 shares of the transportation company’s stock worth $1,224,000 after acquiring an additional 1,832 shares during the period. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group lowered their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Truist Financial lowered their price target on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Susquehanna upped their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Stifel Nicolaus lowered their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Finally, Bank of America cut their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $113.70.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. The trade was a 14.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Stock Down 0.7%

Shares of Expeditors International of Washington stock opened at $115.31 on Wednesday. The business has a fifty day simple moving average of $112.64 and a 200-day simple moving average of $114.79. The stock has a market cap of $15.88 billion, a PE ratio of 20.16, a price-to-earnings-growth 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.

Expeditors International of Washington Increases Dividend

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

About Expeditors International of Washington

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.