Vanguard Group Inc. Raises Stock Holdings in Matthews International Co. (NASDAQ:MATW)

Vanguard Group Inc. boosted its stake in Matthews International Co. (NASDAQ:MATW - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,461,134 shares of the company's stock after purchasing an additional 18,425 shares during the quarter. Vanguard Group Inc. owned about 11.18% of Matthews International worth $95,804,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MATW. Barclays PLC boosted its stake in Matthews International by 375.4% during the third quarter. Barclays PLC now owns 52,823 shares of the company's stock valued at $1,225,000 after buying an additional 41,711 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Matthews International by 120.5% in the third quarter. Jane Street Group LLC now owns 79,861 shares of the company's stock valued at $1,853,000 after purchasing an additional 43,650 shares in the last quarter. Geode Capital Management LLC increased its position in Matthews International by 0.9% in the third quarter. Geode Capital Management LLC now owns 729,539 shares of the company's stock worth $16,929,000 after purchasing an additional 6,536 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Matthews International by 10.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 781,592 shares of the company's stock valued at $21,126,000 after purchasing an additional 73,240 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Matthews International by 6.8% in the 3rd quarter. State Street Corp now owns 1,208,505 shares of the company's stock worth $28,037,000 after buying an additional 76,911 shares in the last quarter. Hedge funds and other institutional investors own 83.08% of the company's stock.

Matthews International Price Performance

Shares of NASDAQ MATW traded down $0.18 during mid-day trading on Tuesday, hitting $20.91. 19,528 shares of the company's stock traded hands, compared to its average volume of 181,226. The company has a market capitalization of $647.56 million, a P/E ratio of -10.61 and a beta of 1.07. Matthews International Co. has a 1 year low of $18.50 and a 1 year 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 company's 50-day moving average is $23.28 and its two-hundred day moving average is $25.48.

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

Matthews International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend was Monday, February 10th. Matthews International's dividend payout ratio is currently -50.76%.

About Matthews International

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.