Mills Wealth Advisors LLC Acquires Shares of 63,398 St. Joe Company (The) (NYSE:JOE)

Mills Wealth Advisors LLC purchased a new stake in St. Joe Company (The) (NYSE:JOE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 63,398 shares of the financial services provider's stock, valued at approximately $2,977,000. St. Joe accounts for about 1.6% of Mills Wealth Advisors LLC's investment portfolio, making the stock its 17th largest holding. Mills Wealth Advisors LLC owned 0.11% of St. Joe at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in shares of St. Joe during the 1st quarter valued at $263,000. SG Americas Securities LLC purchased a new stake in shares of St. Joe during the 1st quarter valued at $475,000. Lazard Asset Management LLC purchased a new stake in shares of St. Joe during the 4th quarter valued at $38,000. Millennium Management LLC raised its position in shares of St. Joe by 2,785.5% during the 4th quarter. Millennium Management LLC now owns 209,917 shares of the financial services provider's stock valued at $9,432,000 after buying an additional 202,642 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of St. Joe by 108.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,297 shares of the financial services provider's stock valued at $508,000 after buying an additional 5,875 shares in the last quarter. 86.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of St. Joe from a "buy" rating to a "hold" rating in a research report on Sunday, June 8th.

St. Joe Trading Up 2.1%

NYSE:JOE traded up $1.01 during trading hours on Tuesday, reaching $49.28. The company's stock had a trading volume of 338,010 shares, compared to its average volume of 235,988. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 37.05 and a beta of 1.36. The firm has a 50-day simple moving average of $45.94 and a 200-day simple moving average of $45.78. St. Joe Company has a 1 year low of $40.19 and a 1 year high of $64.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.52 and a current ratio of 1.52.

St. Joe (NYSE:JOE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. The company had revenue of $94.20 million for the quarter. St. Joe had a net margin of 18.99% and a return on equity of 10.62%.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 10th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Tuesday, June 10th. St. Joe's payout ratio is presently 42.11%.

About St. Joe

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.