Mutual of America Capital Management LLC Cuts Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mutual of America Capital Management LLC decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 16,281 shares of the transportation company’s stock after selling 490 shares during the period. Mutual of America Capital Management LLC’s holdings in Expeditors International of Washington were worth $1,958,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Expeditors International of Washington in the 4th quarter worth approximately $107,863,000. First Trust Advisors LP lifted its stake in Expeditors International of Washington by 33.8% during the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock valued at $302,936,000 after acquiring an additional 690,539 shares during the period. GAMMA Investing LLC lifted its stake in Expeditors International of Washington by 13,910.4% during the 1st quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company’s stock valued at $61,021,000 after acquiring an additional 503,833 shares during the period. Northern Trust Corp lifted its stake in Expeditors International of Washington by 19.7% during the 4th quarter. Northern Trust Corp now owns 2,288,437 shares of the transportation company’s stock valued at $253,490,000 after acquiring an additional 376,689 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $36,865,000. 94.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on EXPD. Bank of America lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from $117.00 to $118.00 in a report on Friday, July 11th. JPMorgan Chase & Co. lifted their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 8th. UBS Group lowered their target price on shares of Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They set a “neutral” rating and a $124.00 target price on the stock. Finally, Truist Financial lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, June 30th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $113.89.

Expeditors International of Washington Trading Down 2.0%

Shares of EXPD opened at $111.64 on Friday. The company’s 50 day simple moving average is $114.53 and its 200-day simple moving average is $113.58. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The firm has a market cap of $15.29 billion, a PE ratio of 19.52, a price-to-earnings-growth 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. Stockholders of record on Monday, June 2nd were paid a dividend of $0.77 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 2nd. 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 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.