Bank of America Corp DE Has $253.16 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bank of America Corp DE lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,285,492 shares of the transportation company’s stock after selling 345,170 shares during the period. Bank of America Corp DE’s holdings in Expeditors International of Washington were worth $253,164,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Azimuth Capital Investment Management LLC raised its position in Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company’s stock worth $260,000 after purchasing an additional 100 shares during the last quarter. Manchester Capital Management LLC raised its position in shares of Expeditors International of Washington by 3.5% during the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock worth $336,000 after acquiring an additional 103 shares during the last quarter. Chapman Investment Management LLC raised its position in shares of Expeditors International of Washington by 0.6% during the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after acquiring an additional 112 shares during the last quarter. OLD National Bancorp IN boosted its holdings in Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after acquiring an additional 113 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Expeditors International of Washington by 17.2% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 114 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 2.1 %

Shares of NASDAQ:EXPD opened at $110.27 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The stock’s 50 day moving average is $112.96 and its 200-day moving average is $114.95. The firm has a market capitalization of $15.19 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.77 dividend. This represents a dividend yield of 1.4%. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.73. The ex-dividend date is Monday, June 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is 25.52%.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of 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. JPMorgan Chase & Co. cut their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Stifel Nicolaus lowered their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, UBS Group lowered their target price on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating and nine have given 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 Expeditors International of Washington stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is currently owned by insiders.

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.