Axa S.A. Has $253,000 Stock Position in Matthews International Co. (NASDAQ:MATW)

Axa S.A. reduced its stake in Matthews International Co. (NASDAQ:MATW - Free Report) by 85.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,151 shares of the company's stock after selling 54,503 shares during the period. Axa S.A.'s holdings in Matthews International were worth $253,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MATW. Vanguard Group Inc. boosted its stake in shares of Matthews International by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,461,134 shares of the company's stock worth $95,804,000 after buying an additional 18,425 shares during the last quarter. Phoenix Financial Ltd. raised its holdings in Matthews International by 1.9% during the 4th quarter. Phoenix Financial Ltd. now owns 1,523,362 shares of the company's stock valued at $42,167,000 after acquiring an additional 28,189 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Matthews International by 10.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 781,592 shares of the company's stock worth $21,126,000 after purchasing an additional 73,240 shares in the last quarter. Barington Capital Group L.P. grew its stake in Matthews International by 23.9% during the fourth quarter. Barington Capital Group L.P. now owns 563,962 shares of the company's stock valued at $15,610,000 after acquiring an additional 108,962 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Matthews International by 10.0% in the fourth quarter. Bank of New York Mellon Corp now owns 375,855 shares of the company's stock worth $10,404,000 after purchasing an additional 34,064 shares during the period. 83.08% of the stock is owned by institutional investors and hedge funds.

Matthews International Trading Up 2.9 %

Shares of MATW opened at $20.41 on Friday. Matthews International Co. has a 1-year low of $18.50 and a 1-year high of $32.24. The firm's 50 day simple moving average is $21.30 and its 200 day simple moving average is $25.17. The company has a market capitalization of $632.89 million, a P/E ratio of -10.36 and a beta of 1.20. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.58 and a quick ratio of 0.96.

Matthews International (NASDAQ:MATW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Matthews International had a positive return on equity of 12.88% and a negative net margin of 3.48%. The company had revenue of $427.63 million during the quarter, compared to analysts' expectations of $435.62 million. Sell-side analysts forecast that Matthews International Co. will post 1.73 earnings per share for the current fiscal year.

Matthews International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 26th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend is Monday, May 12th. Matthews International's dividend payout ratio (DPR) is presently -39.22%.

Matthews International Profile

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.

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