Charles Schwab Investment Management Inc. Acquires 663 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Charles Schwab Investment Management Inc. increased its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 20.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,962 shares of the company’s stock after purchasing an additional 663 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.41% of Seaboard worth $12,429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Factorial Partners LLC increased its holdings in Seaboard by 44.8% in the 3rd quarter. Factorial Partners LLC now owns 1,756 shares of the company’s stock valued at $5,509,000 after acquiring an additional 543 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Seaboard by 195.4% during the third quarter. Victory Capital Management Inc. now owns 700 shares of the company’s stock valued at $2,196,000 after purchasing an additional 463 shares in the last quarter. Versor Investments LP bought a new stake in shares of Seaboard in the third quarter worth about $216,000. Diamond Hill Capital Management Inc. lifted its position in shares of Seaboard by 27.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 509 shares of the company’s stock worth $1,597,000 after buying an additional 110 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Seaboard by 21.2% in the third quarter. Covestor Ltd now owns 40 shares of the company’s stock worth $127,000 after buying an additional 7 shares in the last quarter. Institutional investors own 22.57% of the company’s stock.

Seaboard Stock Down 2.6 %

Seaboard stock opened at $2,586.69 on Monday. Seaboard Co. has a 52-week low of $2,531.31 and a 52-week high of $3,796.00. The firm has a market cap of $2.51 billion, a P/E ratio of -786.23 and a beta of 0.35. The company has a current ratio of 2.44, a quick ratio of 1.50 and a debt-to-equity ratio of 0.22.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($153.44) EPS for the quarter. The business 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 announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, November 8th. Seaboard’s dividend payout ratio (DPR) is -273.56%.

Wall Street Analysts Forecast Growth

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

About Seaboard

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.