Corient Private Wealth LP Has $2.37 Million Stake in Seaboard Corporation $SEB

Key Points

• Corient Private Wealth cut its Seaboard stake by 65.6% in the second quarter, selling 1,011 shares and retaining 531 shares valued at approximately $2.37 million.
• Seaboard shares opened at $4,124.09, down 1.1%, with the stock trading below both its 50-day and 200-day moving averages. The company has a $3.96 billion market capitalization and a P/E ratio of 6.23.
• Seaboard reported quarterly EPS of $159.74 on $2.92 billion in revenue and maintains a quarterly dividend of $2.25 per share, equivalent to a $9.00 annualized payout and a 0.2% yield.

Corient Private Wealth LP reduced its position in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) by 65.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 531 shares of the company's stock after selling 1,011 shares during the quarter. Corient Private Wealth LP owned about 0.06% of Seaboard worth $2,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV acquired a new position in shares of Seaboard during the 1st quarter worth $34,000. Fifth Third Bancorp bought a new position in Seaboard in the first quarter valued at about $62,000. Caitong International Asset Management Co. Ltd bought a new position in Seaboard in the fourth quarter valued at about $93,000. Nykredit A S acquired a new position in Seaboard during the second quarter worth about $98,000. Finally, Allworth Financial LP acquired a new position in Seaboard during the second quarter worth about $121,000. Institutional investors own 22.57% of the company's stock.

Seaboard Stock Down 1.1%

SEB stock opened at $4,124.09 on Wednesday. The firm has a 50-day moving average price of $4,333.23 and a 200-day moving average price of $4,847.77. Seaboard Corporation has a 12 month low of $3,140.01 and a 12 month high of $5,989.37. The company has a current ratio of 2.40, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $3.96 billion, a P/E ratio of 6.23 and a beta of 0.22.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $159.74 earnings per share (EPS) for the quarter. The company had revenue of $2.92 billion for the quarter. Seaboard had a net margin of 6.17% and a return on equity of 12.03%.

Seaboard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Friday, August 14th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 14th. Seaboard's payout ratio is presently 9.93%.

About Seaboard

Seaboard Corporation is a diversified international agribusiness and transportation company headquartered in Merriam, Kansas. Founded in 1918, the company has expanded from its early milling operations into several business segments serving food, agricultural, energy and transportation markets.

Seaboard's pork operations include hog production, pork processing and related agricultural activities, primarily in the United States. Through its Commodity Trading and Milling segment, the company trades and processes agricultural commodities and operates flour mills, feed mills and related businesses in the Caribbean, Latin America and Africa.

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