Seaboard Co. (NYSEAMERICAN:SEB) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 70.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13 shares of the company’s stock after selling 31 shares during the quarter. Amalgamated Bank’s holdings in Seaboard were worth $41,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC increased its holdings in shares of Seaboard by 81.4% in the second quarter. AQR Capital Management LLC now owns 9,204 shares of the company’s stock valued at $28,957,000 after purchasing an additional 4,129 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Seaboard by 91.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,981 shares of the company’s stock valued at $9,422,000 after acquiring an additional 1,421 shares during the last quarter. Factorial Partners LLC purchased a new stake in Seaboard in the 2nd quarter valued at about $3,834,000. Dimensional Fund Advisors LP raised its stake in Seaboard by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 45,989 shares of the company’s stock worth $145,358,000 after purchasing an additional 1,081 shares during the period. Finally, National Bank of Canada FI purchased a new position in shares of Seaboard in the 2nd quarter worth about $3,344,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Trading Up 0.5 %

Shares of Seaboard stock opened at $2,673.85 on Tuesday. Seaboard Co. has a twelve month low of $2,580.28 and a twelve month high of $3,796.00. The company has a market cap of $2.59 billion, a PE ratio of -812.72 and a beta of 0.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.44.

Seaboard (NYSEAMERICAN:SEB) last announced its earnings results on Tuesday, October 29th. The company reported ($153.44) earnings per share (EPS) for the quarter. The company had revenue of $2.22 billion during the quarter. Seaboard had a negative net margin of 0.02% and a negative return on equity of 0.04%.

Seaboard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $2.25 per share. The ex-dividend date was Friday, November 8th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.34%. Seaboard’s dividend payout ratio (DPR) is presently -273.56%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Seaboard from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Seaboard Company 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.