Corient Private Wealth LP Purchases New Position in Seaboard Corporation $SEB

Corient Private Wealth LP acquired a new position in shares of Seaboard Corporation (NYSEAMERICAN:SEB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 538 shares of the company’s stock, valued at approximately $2,402,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Abel Hall LLC boosted its position in Seaboard by 3.0% in the first quarter. Abel Hall LLC now owns 69 shares of the company’s stock valued at $390,000 after buying an additional 2 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Seaboard by 1.6% during the first quarter. Parallel Advisors LLC now owns 124 shares of the company’s stock worth $701,000 after buying an additional 2 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Seaboard by 4.2% during the first quarter. NewEdge Advisors LLC now owns 50 shares of the company’s stock worth $283,000 after buying an additional 2 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Seaboard by 33.3% in the 4th quarter. Wells Fargo & Company MN now owns 12 shares of the company’s stock valued at $53,000 after acquiring an additional 3 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in shares of Seaboard by 3.1% in the 2nd quarter. M&T Bank Corp now owns 99 shares of the company’s stock valued at $284,000 after acquiring an additional 3 shares during the last quarter. Institutional investors own 22.57% of the company’s stock.

Seaboard Trading Up 3.4%

NYSEAMERICAN SEB opened at $4,262.49 on Thursday. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 6.44 and a beta of 0.22. Seaboard Corporation has a twelve month low of $3,140.01 and a twelve month high of $5,989.37. The company has a quick ratio of 1.33, a current ratio of 2.40 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average is $4,407.23 and its 200 day moving average is $4,923.44.

Seaboard (NYSEAMERICAN:SEB) last issued its earnings results on Tuesday, August 4th. The company reported $159.74 earnings per share (EPS) for the quarter. The business had revenue of $2.92 billion during the quarter. Seaboard had a return on equity of 12.03% and a net margin of 6.17%.

Seaboard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Friday, August 14th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, August 14th. Seaboard’s payout ratio is 9.93%.

Seaboard Profile

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.