Charles Schwab Investment Management Inc. lifted its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 20.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,962 shares of the company's stock after buying an additional 663 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.41% of Seaboard worth $12,429,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Gladius Capital Management LP acquired a new position in Seaboard in the second quarter valued at about $32,000. Farther Finance Advisors LLC acquired a new stake in shares of Seaboard in the 3rd quarter valued at approximately $50,000. Innealta Capital LLC acquired a new stake in shares of Seaboard in the 2nd quarter valued at approximately $60,000. Covestor Ltd boosted its stake in Seaboard by 21.2% during the 3rd quarter. Covestor Ltd now owns 40 shares of the company's stock worth $127,000 after acquiring an additional 7 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Seaboard during the second quarter valued at approximately $205,000. 22.57% of the stock is owned by institutional investors.
Seaboard Price Performance
Shares of NYSEAMERICAN SEB traded up $58.21 during mid-day trading on Monday, hitting $2,644.90. The company had a trading volume of 2,222 shares, compared to its average volume of 2,802. Seaboard Co. has a one year low of $2,531.31 and a one year high of $3,796.00. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of -803.83 and a beta of 0.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 1.50.
Seaboard (NYSEAMERICAN:SEB - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported ($153.44) earnings per share for the quarter. The firm had revenue of $2.22 billion during the quarter. Seaboard had a negative net margin of 0.02% and a negative return on equity of 0.04%.
Seaboard Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $9.00 annualized dividend and a dividend yield of 0.34%. Seaboard's dividend payout ratio is currently -273.56%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Seaboard from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th.
Check Out Our Latest Stock Analysis on SEB
Seaboard Company Profile
(
Free Report)
Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.
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