Mufg Securities Americas Inc. Buys New Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mufg Securities Americas Inc. bought a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,067 shares of the transportation company’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EXPD. Coppell Advisory Solutions LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at $25,000. SRS Capital Advisors Inc. grew its holdings in shares of 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 purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at $39,000. 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 buying an additional 130 shares during the period. Finally, Parvin Asset Management LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at $42,000. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EXPD shares. Truist Financial dropped their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Stifel Nicolaus dropped their price target on shares of 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. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $113.89.

Expeditors International of Washington Trading Up 2.7%

NASDAQ:EXPD opened at $118.10 on Friday. The company has a 50-day moving average price of $112.26 and a 200-day moving average price of $114.74. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The stock has a market cap of $16.17 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Investors 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 of this dividend is Monday, June 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 25.58%.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by company insiders.

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.