63,398 Shares in St. Joe Company (The) (NYSE:JOE) Purchased by Mills Wealth Advisors LLC

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JOE. Arete Wealth Advisors LLC grew its holdings in shares of St. Joe by 5.1% in the 4th quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider's stock worth $226,000 after purchasing an additional 243 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in St. Joe by 277.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock valued at $26,000 after buying an additional 430 shares in the last quarter. Lumbard & Kellner LLC grew its stake in St. Joe by 4.7% during the first quarter. Lumbard & Kellner LLC now owns 14,557 shares of the financial services provider's stock worth $683,000 after buying an additional 653 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in St. Joe by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,508 shares of the financial services provider's stock worth $921,000 after buying an additional 782 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of St. Joe during the fourth quarter worth approximately $38,000. Institutional investors own 86.67% of the company's stock.

Wall Street Analyst Weigh In

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

St. Joe Trading Up 1.1%

Shares of JOE opened at $49.42 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 37.16 and a beta of 1.36. The stock has a fifty day moving average price of $45.69 and a two-hundred day moving average price of $45.70. St. Joe Company has a 52-week low of $40.19 and a 52-week high of $64.69.

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

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Tuesday, June 10th. St. Joe's payout ratio is presently 42.11%.

St. Joe Company Profile

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.

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