Insider Selling: St. Joe (NYSE:JOE) Major Shareholder Sells 26,700 Shares of Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 26,700 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $65.03, for a total transaction of $1,736,301.00. Following the sale, the insider owned 15,214,024 shares of the company’s stock, valued at approximately $989,367,980.72. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

St. Joe Stock Down 0.8%

NYSE JOE traded down $0.52 on Tuesday, hitting $64.55. 212,010 shares of the company were exchanged, compared to its average volume of 223,790. The company has a market cap of $3.71 billion, a PE ratio of 33.27 and a beta of 1.28. St. Joe Company has a 12 month low of $45.83 and a 12 month high of $73.54. The stock has a fifty day moving average of $65.80 and a 200-day moving average of $65.30. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.72.

St. Joe (NYSE:JOE) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $99.04 million for the quarter. St. Joe had a net margin of 21.61% and a return on equity of 14.59%.

St. Joe Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $0.64 annualized dividend and a yield of 1.0%. St. Joe’s dividend payout ratio is currently 32.99%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in JOE. Camelot Portfolios LLC bought a new position in shares of St. Joe in the fourth quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of St. Joe by 155.7% in the second quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock valued at $31,000 after buying an additional 397 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of St. Joe in the fourth quarter valued at $32,000. Quarry LP bought a new position in shares of St. Joe in the third quarter valued at $39,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of St. Joe by 31.8% in the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock valued at $48,000 after buying an additional 236 shares in the last quarter. 86.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on JOE shares. Weiss Ratings lowered shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Wall Street Zen lowered shares of St. Joe from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

St. Joe Company Profile

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.