Levin Capital Strategies L.P. purchased a new stake in shares of Seaboard Co. (NYSEAMERICAN:SEB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 90 shares of the company's stock, valued at approximately $219,000.
A number of other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in Seaboard during the 3rd quarter worth approximately $50,000. Covestor Ltd increased its holdings in shares of Seaboard by 21.2% in the 3rd quarter. Covestor Ltd now owns 40 shares of the company's stock worth $127,000 after purchasing an additional 7 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Seaboard by 27.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 509 shares of the company's stock worth $1,597,000 after purchasing an additional 110 shares in the last quarter. Versor Investments LP bought a new stake in shares of Seaboard in the third quarter worth $216,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Seaboard by 195.4% in the third quarter. Victory Capital Management Inc. now owns 700 shares of the company's stock worth $2,196,000 after acquiring an additional 463 shares during the period. Hedge funds and other institutional investors own 22.57% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Seaboard from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th.
Get Our Latest Research Report on Seaboard
Seaboard Stock Down 0.5 %
NYSEAMERICAN:SEB traded down $13.73 during midday trading on Thursday, hitting $2,689.28. The stock had a trading volume of 682 shares, compared to its average volume of 2,377. Seaboard Co. has a one year low of $2,365.00 and a one year high of $3,412.00. The stock has a market capitalization of $2.61 billion, a P/E ratio of 29.67 and a beta of 0.36. The company's 50-day simple moving average is $2,561.49. The company has a quick ratio of 1.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.21.
Seaboard Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, February 24th will be given a $2.25 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.33%. Seaboard's payout ratio is 9.93%.
About Seaboard
(
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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