Seven Post Investment Office LP Lowers Stock Holdings in Matson, Inc. (NYSE:MATX)

Seven Post Investment Office LP decreased its holdings in Matson, Inc. (NYSE:MATX) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,557 shares of the shipping company’s stock after selling 9,731 shares during the quarter. Matson accounts for approximately 2.7% of Seven Post Investment Office LP’s holdings, making the stock its 10th biggest position. Seven Post Investment Office LP owned approximately 0.28% of Matson worth $10,692,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MATX. McGlone Suttner Wealth Management Inc. bought a new position in Matson in the fourth quarter valued at about $26,000. Blue Trust Inc. grew its position in Matson by 109.6% during the fourth quarter. Blue Trust Inc. now owns 415 shares of the shipping company’s stock valued at $45,000 after buying an additional 217 shares during the period. GAMMA Investing LLC purchased a new stake in Matson during the fourth quarter valued at approximately $89,000. U S Global Investors Inc. raised its position in Matson by 13.4% in the fourth quarter. U S Global Investors Inc. now owns 997 shares of the shipping company’s stock worth $109,000 after acquiring an additional 118 shares during the period. Finally, Planned Solutions Inc. purchased a new position in shares of Matson during the 4th quarter worth $112,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Matson

In other Matson news, SVP Christopher A. Scott sold 1,171 shares of Matson stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $107.83, for a total value of $126,268.93. Following the transaction, the senior vice president now owns 12,958 shares in the company, valued at $1,397,261.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.32% of the company’s stock.

Matson Trading Up 3.9 %

Shares of NYSE:MATX traded up $4.25 during trading on Friday, hitting $113.36. The company had a trading volume of 364,375 shares, compared to its average volume of 225,528. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 13.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 1.07. The company has a fifty day simple moving average of $108.73 and a two-hundred day simple moving average of $106.08. Matson, Inc. has a one year low of $62.71 and a one year high of $122.99.

Matson (NYSE:MATX) last released its earnings results on Tuesday, April 30th. The shipping company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.05. Matson had a net margin of 9.61% and a return on equity of 12.66%. The firm had revenue of $722.10 million during the quarter, compared to analyst estimates of $730.44 million. During the same quarter last year, the business earned $0.94 EPS. The business’s revenue was up 2.5% on a year-over-year basis. As a group, equities analysts forecast that Matson, Inc. will post 8.51 earnings per share for the current year.

Matson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 9th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.13%. Matson’s dividend payout ratio is currently 15.09%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com upgraded Matson from a “hold” rating to a “buy” rating in a research note on Wednesday. Stifel Nicolaus increased their price objective on shares of Matson from $109.00 to $111.00 and gave the stock a “hold” rating in a research note on Wednesday.

Matson Company Profile

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.