Charles Schwab Investment Management Inc. Lowers Stock Holdings in Matthews International Co. (NASDAQ:MATW)

Charles Schwab Investment Management Inc. decreased its holdings in Matthews International Co. (NASDAQ:MATW - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 331,717 shares of the company's stock after selling 34,175 shares during the period. Charles Schwab Investment Management Inc. owned 1.07% of Matthews International worth $9,182,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. KBC Group NV boosted its stake in Matthews International by 63.7% in the 3rd quarter. KBC Group NV now owns 1,937 shares of the company's stock worth $45,000 after purchasing an additional 754 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Matthews International by 1,865.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,500 shares of the company's stock worth $125,000 after buying an additional 4,271 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Matthews International by 7.7% during the third quarter. BNP Paribas Financial Markets now owns 6,602 shares of the company's stock worth $153,000 after acquiring an additional 471 shares during the last quarter. Waldron Private Wealth LLC bought a new stake in Matthews International in the 4th quarter valued at $213,000. Finally, GSA Capital Partners LLP bought a new stake in Matthews International in the 3rd quarter valued at $222,000. Hedge funds and other institutional investors own 83.08% of the company's stock.

Matthews International Price Performance

Shares of Matthews International stock traded up $0.08 during trading on Wednesday, reaching $23.23. 127,967 shares of the stock traded hands, compared to its average volume of 172,634. Matthews International Co. has a 52-week low of $21.09 and a 52-week high of $32.24. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.58 and a quick ratio of 0.96. The business has a fifty day simple moving average of $25.92 and a two-hundred day simple moving average of $25.76. The company has a market capitalization of $719.41 million, a price-to-earnings ratio of -11.79 and a beta of 1.09.

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Matthews International (NASDAQ:MATW - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.12). Matthews International had a positive return on equity of 12.88% and a negative net margin of 3.48%. Sell-side analysts expect that Matthews International Co. will post 1.73 EPS for the current year.

Matthews International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.30%. Matthews International's dividend payout ratio is presently -50.76%.

Matthews International Profile

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.