BNP Paribas Financial Markets Sells 4,580 Shares of Matthews International Co. (NASDAQ:MATW)

BNP Paribas Financial Markets lowered its position in shares of Matthews International Co. (NASDAQ:MATWFree Report) by 26.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,529 shares of the company’s stock after selling 4,580 shares during the period. BNP Paribas Financial Markets’ holdings in Matthews International were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MATW. Allspring Global Investments Holdings LLC increased its position in shares of Matthews International by 53.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 470,016 shares of the company’s stock valued at $17,226,000 after acquiring an additional 163,984 shares in the last quarter. Campbell Capital Management Inc. bought a new stake in shares of Matthews International during the fourth quarter valued at approximately $4,236,000. Jupiter Asset Management Ltd. bought a new stake in shares of Matthews International during the third quarter valued at approximately $3,882,000. Great Lakes Advisors LLC bought a new stake in Matthews International in the 3rd quarter worth approximately $2,530,000. Finally, Bailard Inc. bought a new stake in Matthews International in the 4th quarter worth approximately $579,000. Institutional investors own 83.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MATW. StockNews.com downgraded shares of Matthews International from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. B. Riley cut their target price on shares of Matthews International from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Monday, February 5th.

Get Our Latest Report on MATW

Matthews International Trading Up 0.4 %

Shares of Matthews International stock opened at $28.33 on Monday. The company’s fifty day simple moving average is $28.18 and its 200-day simple moving average is $31.19. The stock has a market capitalization of $870.01 million, a PE ratio of 26.73 and a beta of 1.14. Matthews International Co. has a 1-year low of $25.42 and a 1-year high of $48.86. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.82 and a quick ratio of 1.12.

Matthews International (NASDAQ:MATWGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.24. The business had revenue of $471.22 million for the quarter, compared to analysts’ expectations of $469.38 million. Matthews International had a net margin of 1.77% and a return on equity of 16.75%. As a group, equities analysts anticipate that Matthews International Co. will post 2.53 earnings per share for the current year.

Matthews International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Friday, May 3rd. Matthews International’s dividend payout ratio is presently 90.57%.

About Matthews International

(Free Report)

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.

Read More

Want to see what other hedge funds are holding MATW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Matthews International Co. (NASDAQ:MATWFree Report).

Institutional Ownership by Quarter for Matthews International (NASDAQ:MATW)

Receive News & Ratings for Matthews International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matthews International and related companies with MarketBeat.com's FREE daily email newsletter.