Baker Ellis Asset Management LLC Cuts Stock Position in Seaboard Co. (NYSEAMERICAN:SEB)

Baker Ellis Asset Management LLC cut its holdings in Seaboard Co. (NYSEAMERICAN:SEB) by 3.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 143 shares of the company’s stock after selling 5 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Seaboard were worth $461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SEB. Janiczek Wealth Management LLC boosted its stake in shares of Seaboard by 90.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 19 shares of the company’s stock worth $68,000 after acquiring an additional 9 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Seaboard by 400.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 30 shares of the company’s stock worth $107,000 after acquiring an additional 24 shares during the last quarter. Brandes Investment Partners LP acquired a new stake in shares of Seaboard in the fourth quarter worth approximately $207,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Seaboard by 38.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61 shares of the company’s stock worth $219,000 after acquiring an additional 17 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Seaboard in the third quarter worth approximately $233,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Seaboard from a “hold” rating to a “buy” rating in a research note on Friday, May 10th.

Seaboard Trading Up 0.9 %

SEB stock opened at $3,160.74 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $3.07 billion, a P/E ratio of 13.13 and a beta of 0.36. Seaboard Co. has a 12-month low of $2,955.33 and a 12-month high of $3,862.00.

Seaboard (NYSEAMERICAN:SEB) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $22.66 earnings per share (EPS) for the quarter. The firm had revenue of $2.19 billion for the quarter. Seaboard had a return on equity of 5.41% and a net margin of 2.85%.

Seaboard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Friday, May 10th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, May 9th. This represents a $9.00 annualized dividend and a yield of 0.28%. Seaboard’s dividend payout ratio (DPR) is 3.74%.

Seaboard 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.