Seaboard Corporation $SEB Stock: CWA Asset Management Group LLC Trims Stake

Key Points

• CWA Asset Management Group LLC cut its Seaboard stake by 98.3% in the third quarter, selling 3,437 shares and retaining 58 shares valued at approximately $229,000.
• Other institutional investors made smaller purchases or increased holdings, with institutional investors collectively owning 22.57% of Seaboard.
• Seaboard shares opened at $3,885.40, with a market capitalization of $3.73 billion and a price-to-earnings ratio of 5.87. The company reported quarterly revenue of $2.92 billion and declared a $2.25 quarterly dividend, representing a 0.2% yield.

CWA Asset Management Group LLC cut its holdings in Seaboard Corporation (NYSEAMERICAN:SEB - Free Report) by 98.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58 shares of the company's stock after selling 3,437 shares during the quarter. CWA Asset Management Group LLC's holdings in Seaboard were worth $229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wedmont Private Capital boosted its position in Seaboard by 4.6% in the third quarter. Wedmont Private Capital now owns 251 shares of the company's stock valued at $1,020,000 after buying an additional 11 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Seaboard in the 2nd quarter worth approximately $1,420,000. Integrated Wealth Concepts LLC purchased a new position in Seaboard during the 2nd quarter worth approximately $62,000. NewEdge Advisors LLC raised its position in Seaboard by 14.0% during the 2nd quarter. NewEdge Advisors LLC now owns 57 shares of the company's stock worth $254,000 after buying an additional 7 shares during the last quarter. Finally, IFP Advisors Inc purchased a new position in Seaboard during the 2nd quarter worth approximately $27,000. 22.57% of the stock is currently owned by institutional investors.

Seaboard Stock Performance

Shares of NYSEAMERICAN SEB opened at $3,885.40 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.33 and a debt-to-equity ratio of 0.18. Seaboard Corporation has a 12 month low of $3,140.01 and a 12 month high of $5,989.37. The company has a 50 day simple moving average of $4,110.48 and a two-hundred day simple moving average of $4,646.82. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 5.87 and a beta of 0.21.

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

Seaboard Announces Dividend

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

Seaboard Profile

Seaboard Corporation is a diversified agribusiness and transportation company with operations in the United States, Latin America, the Caribbean and Africa. Its businesses are organized around food production, commodity trading, marine transportation, sugar production and power generation.

In its pork segment, Seaboard raises hogs and processes and distributes pork products in the United States. The company's commodity trading and milling operations market and process grains, oilseeds and other agricultural products, with activities that include flour and feed milling as well as distribution in international markets.

Seaboard also operates a containerized ocean transportation business serving routes in the Americas, the Caribbean and other regions.

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