Amalgamated Bank Trims Holdings in Seaboard Co. (NYSEAMERICAN:SEB)

Amalgamated Bank reduced its stake in Seaboard Co. (NYSEAMERICAN:SEB) by 8.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44 shares of the company’s stock after selling 4 shares during the quarter. Amalgamated Bank’s holdings in Seaboard were worth $139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Herr Investment Group LLC acquired a new position in Seaboard in the first quarter valued at approximately $20,714,000. Edgestream Partners L.P. lifted its stake in shares of Seaboard by 187.6% in the 1st quarter. Edgestream Partners L.P. now owns 2,327 shares of the company’s stock valued at $7,502,000 after purchasing an additional 1,518 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Seaboard by 91.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,981 shares of the company’s stock worth $9,422,000 after purchasing an additional 1,421 shares during the period. Factorial Partners LLC acquired a new stake in shares of Seaboard during the 2nd quarter worth about $3,834,000. Finally, Dimensional Fund Advisors LP raised its holdings in Seaboard by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 45,989 shares of the company’s stock valued at $145,358,000 after buying an additional 1,081 shares during the period. 22.57% of the stock is owned by institutional investors and hedge funds.

Seaboard Price Performance

Shares of NYSEAMERICAN SEB opened at $3,163.38 on Wednesday. The stock has a market cap of $3.07 billion, a PE ratio of 13.14 and a beta of 0.35. Seaboard Co. has a fifty-two week low of $2,955.33 and a fifty-two week high of $3,796.00. The company has a current ratio of 2.45, a quick ratio of 1.47 and a debt-to-equity ratio of 0.21.

Seaboard (NYSEAMERICAN:SEB) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $62.82 EPS for the quarter. Seaboard had a net margin of 3.01% and a return on equity of 5.69%. The firm had revenue of $2.21 billion for the quarter.

Seaboard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were given a $2.25 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $9.00 annualized dividend and a yield of 0.28%. Seaboard’s dividend payout ratio (DPR) is 3.74%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Seaboard from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th.

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.