Check Capital Management Inc. CA Acquires 165 Shares of Matson, Inc. (NYSE:MATX)

Check Capital Management Inc. CA increased its holdings in shares of Matson, Inc. (NYSE:MATX) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,720 shares of the shipping company’s stock after buying an additional 165 shares during the period. Matson comprises approximately 0.0% of Check Capital Management Inc. CA’s portfolio, making the stock its 28th largest position. Check Capital Management Inc. CA’s holdings in Matson were worth $408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Matson in the fourth quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new position in shares of Matson in the 3rd quarter worth approximately $27,000. Blue Trust Inc. boosted its stake in shares of Matson by 109.6% in the 4th quarter. Blue Trust Inc. now owns 415 shares of the shipping company’s stock valued at $45,000 after purchasing an additional 217 shares during the last quarter. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Matson during the fourth quarter worth $53,000. Finally, U S Global Investors Inc. acquired a new stake in shares of Matson during the third quarter worth $78,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Matson Stock Up 1.5 %

Matson stock traded up $1.55 during midday trading on Friday, reaching $106.19. The stock had a trading volume of 202,059 shares, compared to its average volume of 266,696. The company has a fifty day moving average price of $110.82 and a two-hundred day moving average price of $104.49. Matson, Inc. has a 12 month low of $61.51 and a 12 month high of $122.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.66 billion, a P/E ratio of 12.48 and a beta of 1.12.

Matson (NYSE:MATX) last issued its earnings results on Tuesday, February 20th. The shipping company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.03. Matson had a return on equity of 12.71% and a net margin of 9.60%. The company had revenue of $788.90 million for the quarter, compared to analysts’ expectations of $733.60 million. During the same period last year, the business earned $2.10 EPS. Matson’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts expect that Matson, Inc. will post 8.2 EPS for the current fiscal year.

Matson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 8th were issued a $0.32 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.21%. Matson’s dividend payout ratio is presently 15.27%.

Insider Activity at Matson

In related news, SVP Christopher A. Scott sold 1,171 shares of Matson stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $107.83, for a total transaction of $126,268.93. Following the transaction, the senior vice president now owns 12,958 shares of the company’s stock, valued at $1,397,261.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MATX. StockNews.com raised shares of Matson from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Stifel Nicolaus increased their price target on Matson from $108.00 to $109.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st.

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.