Matson, Inc. (NYSE:MATX – Get Rating) CEO Matthew J. Cox sold 7,500 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $69.74, for a total value of $523,050.00. Following the transaction, the chief executive officer now owns 238,239 shares of the company’s stock, valued at $16,614,787.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Matson Trading Up 1.9 %
NYSE:MATX opened at $72.89 on Friday. The firm has a market cap of $2.75 billion, a PE ratio of 2.14 and a beta of 1.33. The stock has a fifty day moving average price of $69.05 and a 200 day moving average price of $77.64. Matson, Inc. has a 12-month low of $60.35 and a 12-month high of $125.34. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.20.
Matson Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $1.24 dividend on an annualized basis and a yield of 1.70%. Matson’s dividend payout ratio (DPR) is presently 3.65%.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several research analysts have recently commented on MATX shares. Wolfe Research started coverage on Matson in a research report on Tuesday, August 16th. They set an “underperform” rating and a $80.00 price target for the company. Stifel Nicolaus lowered their price target on Matson from $93.00 to $81.00 in a research report on Thursday, October 20th. Finally, StockNews.com lowered Matson from a “buy” rating to a “hold” rating in a research report on Friday, November 4th.
Matson Company Profile
Matson, Inc, together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia.
- Get a free copy of the StockNews.com research report on Matson (MATX)
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