Virtu Financial LLC Buys New Position in Seaboard Co. (NYSEAMERICAN:SEB)

Virtu Financial LLC bought a new stake in Seaboard Co. (NYSEAMERICAN:SEB) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 171 shares of the company’s stock, valued at approximately $550,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Herr Investment Group LLC purchased a new position in shares of Seaboard during the 1st quarter worth approximately $20,714,000. Dimensional Fund Advisors LP raised its stake in shares of Seaboard by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 42,580 shares of the company’s stock worth $152,015,000 after buying an additional 2,342 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of Seaboard by 187.6% during the 1st quarter. Edgestream Partners L.P. now owns 2,327 shares of the company’s stock worth $7,502,000 after buying an additional 1,518 shares in the last quarter. Private Management Group Inc. raised its stake in shares of Seaboard by 20.3% during the 1st quarter. Private Management Group Inc. now owns 5,382 shares of the company’s stock worth $17,351,000 after buying an additional 907 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Seaboard by 64.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,560 shares of the company’s stock worth $5,029,000 after buying an additional 610 shares in the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Seaboard from a “buy” rating to a “hold” rating in a report on Thursday.

Seaboard Stock Performance

Shares of SEB traded down $10.08 on Friday, reaching $3,191.92. The stock had a trading volume of 1,048 shares, compared to its average volume of 3,071. The stock has a market cap of $3.10 billion, a P/E ratio of 13.26 and a beta of 0.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.54 and a quick ratio of 1.55. Seaboard Co. has a twelve month low of $2,955.33 and a twelve month high of $3,862.00.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings results on Tuesday, April 30th. The company reported $22.66 earnings per share for the quarter. The business had revenue of $2.19 billion for the quarter. Seaboard had a return on equity of 5.66% and a net margin of 3.01%.

Seaboard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Friday, August 9th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Friday, August 9th. Seaboard’s dividend payout ratio is currently 3.74%.

Seaboard Company Profile

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.