Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,154 shares of the transportation company’s stock after selling 1,138 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Expeditors International of Washington were worth $2,134,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Coppell Advisory Solutions LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at $25,000. SRS Capital Advisors Inc. increased its stake in Expeditors International of Washington by 431.8% in the fourth 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 period. Bank of Jackson Hole Trust acquired a new position in Expeditors International of Washington in the fourth quarter valued at $39,000. Colonial Trust Co SC increased its stake in Expeditors International of Washington by 58.6% in the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 130 shares during the period. Finally, Parvin Asset Management LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at $42,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Susquehanna lifted their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Barclays dropped their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 7th. Truist Financial dropped their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus dropped their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $113.89.

Expeditors International of Washington Trading Up 2.7%

EXPD stock opened at $118.10 on Friday. The company has a market cap of $16.17 billion, a P/E ratio of 20.65, a P/E/G ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The company’s 50-day moving average price is $112.26 and its 200 day moving average price is $114.71.

Expeditors International of Washington Increases Dividend

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

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.