Wipfli Financial Advisors LLC Makes New $56,000 Investment in Matson, Inc. (NYSE:MATX)

Wipfli Financial Advisors LLC bought a new position in shares of Matson, Inc. (NYSE:MATXGet Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 913 shares of the shipping company’s stock, valued at approximately $56,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Chatham Capital Group Inc. lifted its stake in Matson by 0.3% during the second quarter. Chatham Capital Group Inc. now owns 42,296 shares of the shipping company’s stock worth $3,083,000 after purchasing an additional 110 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Matson by 4.0% in the 1st quarter. Evergreen Capital Management LLC now owns 2,995 shares of the shipping company’s stock valued at $361,000 after acquiring an additional 115 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Matson by 4.1% in the 2nd quarter. Franklin Resources Inc. now owns 3,899 shares of the shipping company’s stock valued at $284,000 after acquiring an additional 153 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Matson by 1.1% in the 1st quarter. Sei Investments Co. now owns 15,665 shares of the shipping company’s stock valued at $1,890,000 after acquiring an additional 178 shares during the last quarter. Finally, Ronald Blue Trust Inc. lifted its stake in shares of Matson by 92.7% in the 3rd quarter. Ronald Blue Trust Inc. now owns 372 shares of the shipping company’s stock valued at $27,000 after acquiring an additional 179 shares during the last quarter. 83.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Matson news, EVP John P. Lauer sold 2,000 shares of the stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $68.41, for a total transaction of $136,820.00. Following the completion of the sale, the executive vice president now directly owns 33,745 shares in the company, valued at approximately $2,308,495.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Matson news, CEO Matthew J. Cox sold 7,500 shares of the stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $69.74, for a total transaction of $523,050.00. Following the completion of the sale, the chief executive officer now directly owns 238,239 shares in the company, valued at approximately $16,614,787.86. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John P. Lauer sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $68.41, for a total value of $136,820.00. Following the completion of the sale, the executive vice president now owns 33,745 shares of the company’s stock, valued at $2,308,495.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,832 shares of company stock worth $830,845. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MATX shares. Wolfe Research upgraded Matson from an “underperform” rating to a “peer perform” rating in a research note on Thursday, November 17th. Stifel Nicolaus dropped their price target on Matson from $93.00 to $81.00 in a research note on Thursday, October 20th. Finally, StockNews.com cut Matson from a “buy” rating to a “hold” rating in a research note on Friday, November 4th.

Matson Stock Performance

NYSE MATX opened at $63.48 on Friday. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 1.87 and a beta of 1.25. Matson, Inc. has a twelve month low of $58.30 and a twelve month high of $125.34. The stock has a fifty day simple moving average of $63.66 and a 200 day simple moving average of $70.84. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.20.

Matson (NYSE:MATXGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The shipping company reported $6.89 earnings per share for the quarter, beating analysts’ consensus estimates of $6.75 by $0.14. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. Matson had a return on equity of 68.93% and a net margin of 28.71%. Sell-side analysts expect that Matson, Inc. will post 28.19 EPS for the current year.

Matson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th were issued a dividend of $0.31 per share. The ex-dividend date was Wednesday, November 9th. This represents a $1.24 dividend on an annualized basis and a yield of 1.95%. Matson’s payout ratio is currently 3.65%.

Matson Profile

(Get Rating)

Matson, Inc, together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia.

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Institutional Ownership by Quarter for Matson (NYSE:MATX)

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