Stephens Inc. AR Trims Stake in Matson, Inc. (NYSE:MATX)

Stephens Inc. AR lowered its stake in shares of Matson, Inc. (NYSE:MATX) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,688 shares of the shipping company’s stock after selling 147 shares during the quarter. Stephens Inc. AR’s holdings in Matson were worth $632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Pacer Advisors Inc. increased its position in shares of Matson by 9.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,049,772 shares of the shipping company’s stock valued at $141,551,000 after buying an additional 91,172 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Matson by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 395,716 shares of the shipping company’s stock worth $56,437,000 after purchasing an additional 20,568 shares during the period. JPMorgan Chase & Co. grew its holdings in Matson by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 286,968 shares of the shipping company’s stock worth $40,927,000 after purchasing an additional 26,366 shares during the period. Paradiem LLC grew its holdings in Matson by 2.2% in the fourth quarter. Paradiem LLC now owns 90,036 shares of the shipping company’s stock worth $12,140,000 after purchasing an additional 1,909 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new stake in Matson in the fourth quarter worth about $9,788,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Matson Price Performance

Shares of MATX opened at $146.58 on Friday. The company has a market capitalization of $4.87 billion, a P/E ratio of 12.19 and a beta of 1.05. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $139.64 and a 200 day moving average of $140.14. Matson, Inc. has a twelve month low of $100.50 and a twelve month high of $169.12.

Matson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 6th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, February 6th. Matson’s dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MATX shares. Stephens restated an “overweight” rating and issued a $165.00 price objective on shares of Matson in a report on Thursday, January 2nd. Wolfe Research cut shares of Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th.

Matson 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.