Campbell Deegan Wealth Management LLC Takes Position in Matson, Inc. (NYSE:MATX)

Campbell Deegan Wealth Management LLC purchased a new position in Matson, Inc. (NYSE:MATX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,885 shares of the shipping company's stock, valued at approximately $524,000. Matson comprises about 0.6% of Campbell Deegan Wealth Management LLC's investment portfolio, making the stock its 20th largest position.

Several other hedge funds have also added to or reduced their stakes in MATX. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Matson during the fourth quarter valued at about $3,502,000. Brucke Financial Inc. bought a new position in shares of Matson during the fourth quarter valued at about $352,000. Leigh Baldwin & CO. LLC bought a new position in shares of Matson during the fourth quarter valued at about $259,000. Ameriflex Group Inc. bought a new position in shares of Matson during the fourth quarter valued at about $36,000. Finally, Vise Technologies Inc. raised its stake in shares of Matson by 7.2% during the fourth quarter. Vise Technologies Inc. now owns 3,271 shares of the shipping company's stock valued at $441,000 after acquiring an additional 219 shares during the last quarter. 84.76% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Bradley D. Tilden bought 2,752 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were bought at an average price of $111.76 per share, for a total transaction of $307,563.52. Following the completion of the acquisition, the director now owns 8,180 shares of the company's stock, valued at $914,196.80. This trade represents a 50.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Richard S. Kinney sold 1,997 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $137.11, for a total transaction of $273,808.67. Following the completion of the sale, the senior vice president now owns 8,425 shares in the company, valued at $1,155,151.75. This represents a 19.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,182 shares of company stock worth $1,606,286 over the last 90 days. 2.05% of the stock is currently owned by insiders.

Matson Stock Up 1.0%

MATX traded up $1.13 during midday trading on Friday, reaching $113.11. The company's stock had a trading volume of 373,807 shares, compared to its average volume of 341,918. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 9.41 and a beta of 1.30. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. Matson, Inc. has a 1 year low of $91.75 and a 1 year high of $169.12. The stock's 50-day moving average is $109.62 and its 200-day moving average is $130.07.

Matson (NYSE:MATX - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The shipping company reported $2.18 earnings per share for the quarter, missing analysts' consensus estimates of $2.34 by ($0.16). The business had revenue of $782.00 million during the quarter, compared to analysts' expectations of $818.07 million. Matson had a return on equity of 16.89% and a net margin of 12.37%. Matson's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS. As a group, research analysts expect that Matson, Inc. will post 13.27 EPS for the current year.

Matson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, May 8th. Matson's payout ratio is 8.96%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of Matson from $125.00 to $135.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Stifel Nicolaus decreased their price target on shares of Matson from $160.00 to $130.00 and set a "hold" rating for the company in a research note on Tuesday, May 6th. Wall Street Zen downgraded shares of Matson from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Stephens decreased their price target on shares of Matson from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $138.33.

About Matson

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.