Seaboard Co. (NYSEAMERICAN:SEB) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its holdings in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 76.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95 shares of the company's stock after selling 307 shares during the period. DAVENPORT & Co LLC's holdings in Seaboard were worth $231,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SEB. Wilmington Savings Fund Society FSB acquired a new stake in Seaboard in the third quarter valued at $25,000. Farther Finance Advisors LLC purchased a new position in shares of Seaboard during the third quarter worth about $50,000. SG Americas Securities LLC purchased a new position in shares of Seaboard during the fourth quarter worth about $102,000. Covestor Ltd grew its holdings in shares of Seaboard by 21.2% during the third quarter. Covestor Ltd now owns 40 shares of the company's stock worth $127,000 after purchasing an additional 7 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Seaboard during the second quarter worth about $205,000. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Seaboard Price Performance

NYSEAMERICAN:SEB traded down $47.48 during mid-day trading on Thursday, reaching $2,614.97. The stock had a trading volume of 3,903 shares, compared to its average volume of 2,197. The company has a quick ratio of 1.50, a current ratio of 2.44 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.54 billion, a P/E ratio of -794.82 and a beta of 0.36. Seaboard Co. has a twelve month low of $2,365.00 and a twelve month high of $3,600.94.

Seaboard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, February 24th will be given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.34%. Seaboard's payout ratio is currently -273.56%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Seaboard from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th.

Seaboard Company Profile

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.