HB Wealth Management LLC Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

HB Wealth Management LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,197 shares of the transportation company’s stock, valued at approximately $986,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. NDVR Inc. boosted its holdings in Expeditors International of Washington by 5.8% in the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company’s stock worth $201,000 after acquiring an additional 99 shares during the period. Azimuth Capital Investment Management LLC grew its position in Expeditors International of Washington by 4.4% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 100 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in Expeditors International of Washington by 6.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company’s stock valued at $199,000 after acquiring an additional 103 shares in the last quarter. Farther Finance Advisors LLC grew its position in Expeditors International of Washington by 11.2% in the first quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company’s stock valued at $132,000 after acquiring an additional 109 shares in the last quarter. Finally, Greenleaf Trust grew its position in Expeditors International of Washington by 2.5% in the first quarter. Greenleaf Trust now owns 4,540 shares of the transportation company’s stock valued at $546,000 after acquiring an additional 112 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 0.8%

EXPD stock opened at $114.47 on Wednesday. The company has a market capitalization of $15.68 billion, a P/E ratio of 20.01, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The firm has a 50 day simple moving average of $114.39 and a 200-day simple moving average of $113.77.

Expeditors International of Washington Increases Dividend

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

Wall Street Analysts Forecast Growth

EXPD has been the subject of several recent research reports. Truist Financial increased their price objective 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 lowered 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. UBS Group dropped their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. JPMorgan Chase & Co. increased their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, July 8th. Finally, Baird R W raised shares of Expeditors International of Washington to a “hold” rating in a research report on Tuesday, July 1st. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $113.89.

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.