Stratos Wealth Partners LTD. Sells 315 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Stratos Wealth Partners LTD. cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,232 shares of the transportation company’s stock after selling 315 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Expeditors International of Washington were worth $269,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EXPD. Coppell Advisory Solutions LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $25,000. Alpine Bank Wealth Management acquired a new stake in shares of Expeditors International of Washington during the first quarter worth $26,000. Garde Capital Inc. acquired a new stake in Expeditors International of Washington in the first quarter worth $37,000. Colonial Trust Co SC grew its holdings 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 worth $39,000 after purchasing an additional 130 shares during the period. Finally, Parvin Asset Management LLC acquired a new stake in Expeditors International of Washington in the fourth quarter worth $42,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

EXPD opened at $112.88 on Thursday. The company’s 50-day moving average is $114.41 and its 200 day moving average is $113.53. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The firm has a market capitalization of $15.46 billion, a P/E ratio of 19.73, a PEG ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.77 per share. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.73. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 25.58%.

Analyst Ratings Changes

A number of research firms have commented on EXPD. Bank of America cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and raised their price target for the stock from $117.00 to $118.00 in a report on Friday, July 11th. TD Cowen reduced their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a report on Wednesday, May 7th. Baird R W upgraded shares of Expeditors International of Washington to a “hold” rating in a report on Tuesday, July 1st. UBS Group reduced their price target on shares of Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Finally, Robert W. Baird began coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They issued a “neutral” rating and a $124.00 price target for the company. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $113.89.

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.