Vanguard Group Inc. Sells 637 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Vanguard Group Inc. lowered its holdings in Seaboard Co. (NYSEAMERICAN:SEB - Free Report) by 2.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 22,124 shares of the company's stock after selling 637 shares during the quarter. Vanguard Group Inc. owned about 2.28% of Seaboard worth $83,031,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SEB. Advisor Group Holdings Inc. lifted its holdings in shares of Seaboard by 3,450.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 71 shares of the company's stock valued at $298,000 after buying an additional 69 shares during the period. American Century Companies Inc. acquired a new position in Seaboard during the first quarter worth $383,000. Citigroup Inc. raised its holdings in Seaboard by 36.4% during the first quarter. Citigroup Inc. now owns 30 shares of the company's stock worth $126,000 after purchasing an additional 8 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Seaboard during the first quarter worth $400,000. Finally, MetLife Investment Management LLC acquired a new position in Seaboard during the first quarter worth $25,000. Hedge funds and other institutional investors own 22.57% of the company's stock.

Analysts Set New Price Targets

SEB has been the subject of a number of analyst reports. TheStreet cut Seaboard from a "b" rating to a "c+" rating in a report on Thursday, February 15th. StockNews.com cut Seaboard from a "buy" rating to a "hold" rating in a report on Thursday, December 14th.

Seaboard Trading Down 0.0 %

Shares of SEB traded down $0.22 during midday trading on Friday, reaching $3,177.78. 2,476 shares of the company were exchanged, compared to its average volume of 4,068. The stock has a market cap of $3.08 billion, a PE ratio of 15.56 and a beta of 0.41. Seaboard Co. has a 1-year low of $3,137.34 and a 1-year high of $4,080.11. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.52 and a quick ratio of 1.42.

Seaboard (NYSEAMERICAN:SEB - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $64.67 EPS for the quarter. Seaboard had a return on equity of 4.55% and a net margin of 2.36%. The company had revenue of $2.28 billion for the quarter.

Seaboard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Friday, February 23rd were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Thursday, February 22nd. Seaboard's dividend payout ratio (DPR) is 4.41%.

About Seaboard

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.