Seven Post Investment Office LP Trims Stock Position in Matson, Inc. (NYSE:MATX)

Seven Post Investment Office LP decreased its position in shares of Matson, Inc. (NYSE:MATX - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,557 shares of the shipping company's stock after selling 9,731 shares during the quarter. Matson makes up approximately 2.7% of Seven Post Investment Office LP's holdings, making the stock its 10th largest holding. Seven Post Investment Office LP owned about 0.28% of Matson worth $10,692,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MATX. McGlone Suttner Wealth Management Inc. acquired a new position in Matson in the fourth quarter valued at approximately $26,000. Blue Trust Inc. raised its position in shares of Matson by 109.6% during the 4th quarter. Blue Trust Inc. now owns 415 shares of the shipping company's stock valued at $45,000 after acquiring an additional 217 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Matson in the 4th quarter valued at $89,000. U S Global Investors Inc. boosted its position in shares of Matson by 13.4% in the 4th quarter. U S Global Investors Inc. now owns 997 shares of the shipping company's stock worth $109,000 after purchasing an additional 118 shares during the last quarter. Finally, Planned Solutions Inc. bought a new position in shares of Matson in the 4th quarter worth $112,000. 84.76% of the stock is currently owned by institutional investors.

Matson Trading Up 3.9 %

Shares of MATX stock traded up $4.25 on Friday, hitting $113.36. The stock had a trading volume of 364,375 shares, compared to its average volume of 225,528. The company has a current ratio of 0.97, a quick ratio of 1.07 and a debt-to-equity ratio of 0.16. Matson, Inc. has a twelve month low of $62.71 and a twelve month high of $122.99. The company has a fifty day moving average price of $108.73 and a two-hundred day moving average price of $106.20. The firm has a market cap of $3.87 billion, a P/E ratio of 13.37 and a beta of 1.12.

Matson (NYSE:MATX - Get Free Report) last posted its earnings results on Tuesday, April 30th. The shipping company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.05. The firm had revenue of $722.10 million during the quarter, compared to analysts' expectations of $730.44 million. Matson had a return on equity of 12.66% and a net margin of 9.61%. The company's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 earnings per share. As a group, analysts forecast that Matson, Inc. will post 8.51 earnings per share for the current fiscal year.

Matson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 9th will be paid a dividend of $0.32 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.13%. Matson's payout ratio is 15.09%.

Analyst Ratings Changes

MATX has been the topic of several analyst reports. Stifel Nicolaus increased their target price on Matson from $109.00 to $111.00 and gave the company a "hold" rating in a research note on Wednesday. StockNews.com raised Matson from a "hold" rating to a "buy" rating in a research note on Wednesday.

Insiders Place Their Bets

In related news, SVP Christopher A. Scott sold 1,171 shares of the firm's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $107.83, for a total transaction of $126,268.93. Following the sale, the senior vice president now directly owns 12,958 shares in the company, valued at $1,397,261.14. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.32% of the company's stock.

Matson Profile

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.