Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Colonial Trust Co SC

Colonial Trust Co SC boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 58.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 352 shares of the transportation company’s stock after acquiring an additional 130 shares during the period. Colonial Trust Co SC’s holdings in Expeditors International of Washington were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its position in shares of Expeditors International of Washington by 18.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after buying an additional 30,785 shares during the last quarter. Drystone LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $5,925,000. Allworth Financial LP raised its position in shares of Expeditors International of Washington by 22.9% during the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock worth $732,000 after purchasing an additional 1,216 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Expeditors International of Washington by 37.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company’s stock worth $8,459,000 after purchasing an additional 20,658 shares during the last quarter. Finally, Beaumont Financial Advisors LLC acquired a new position in Expeditors International of Washington during the 4th quarter valued at approximately $342,000. Institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the 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 completion of the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Susquehanna raised their target price on 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. JPMorgan Chase & Co. reduced their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. TD Cowen dropped their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating on the stock in a research note on Wednesday. UBS Group reduced their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.70.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $109.27 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The business’s fifty day moving average is $112.78 and its 200-day moving average is $114.88. The stock has a market cap of $15.05 billion, a PE ratio of 19.10, a price-to-earnings-growth 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. Shareholders of record on Monday, June 2nd will be given a $0.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.73. This represents a yield of 1.4%. Expeditors International of Washington’s payout ratio is 25.58%.

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.