Campbell Wealth Management Makes New $269,000 Investment in Matson, Inc. (NYSE:MATX)

Campbell Wealth Management purchased a new position in Matson, Inc. (NYSE:MATX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,996 shares of the shipping company's stock, valued at approximately $269,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of Matson by 4,167,726.1% during the third quarter. Pacer Advisors Inc. now owns 958,600 shares of the shipping company's stock worth $136,716,000 after acquiring an additional 958,577 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in Matson during the 4th quarter valued at about $9,788,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in Matson during the 3rd quarter worth approximately $6,735,000. International Assets Investment Management LLC raised its stake in shares of Matson by 14,162.0% in the third quarter. International Assets Investment Management LLC now owns 42,786 shares of the shipping company's stock worth $6,102,000 after purchasing an additional 42,486 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. bought a new position in shares of Matson in the third quarter valued at approximately $5,746,000. Institutional investors and hedge funds own 84.76% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wolfe Research downgraded Matson from an "outperform" rating to a "peer perform" rating in a report on Monday, November 18th. Stephens reiterated an "overweight" rating and issued a $165.00 target price on shares of Matson in a research note on Thursday, January 2nd.

Matson Stock Performance

Shares of NYSE MATX traded up $2.93 during midday trading on Tuesday, reaching $149.25. The company's stock had a trading volume of 365,536 shares, compared to its average volume of 248,065. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $4.96 billion, a P/E ratio of 12.42 and a beta of 1.05. The firm has a 50 day moving average price of $139.58 and a 200-day moving average price of $140.48. Matson, Inc. has a 12-month low of $100.50 and a 12-month high of $169.12.

Matson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a yield of 0.91%. Matson's dividend payout ratio (DPR) is presently 11.31%.

Matson Profile

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.