UMB Bank n.a. Lowers Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

UMB Bank n.a. decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 32.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 487 shares of the transportation company’s stock after selling 230 shares during the period. UMB Bank n.a.’s holdings in Expeditors International of Washington were worth $59,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC purchased a new stake in Expeditors International of Washington in the fourth quarter worth about $25,000. SRS Capital Advisors Inc. increased its position in shares of Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $39,000. Colonial Trust Co SC boosted its holdings in shares of Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC acquired a new stake in Expeditors International of Washington during the 4th quarter worth about $42,000. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXPD. Susquehanna increased 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 report on Monday, March 3rd. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. UBS Group cut their target price on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. reduced 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. Finally, Wall Street Zen lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and eight have given 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 an average price target of $113.89.

Expeditors International of Washington Trading Down 0.3%

Shares of EXPD opened at $114.25 on Friday. The stock has a 50 day moving average of $111.24 and a 200-day moving average of $113.77. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The firm has a market cap of $15.65 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

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

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.