1,996 Shares in Matson, Inc. (NYSE:MATX) Acquired by Campbell Wealth Management

Campbell Wealth Management bought a new position in shares of Matson, Inc. (NYSE:MATX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,996 shares of the shipping company’s stock, valued at approximately $269,000.

A number of other institutional investors have also made changes to their positions in MATX. Pacer Advisors Inc. boosted its stake in Matson by 4,167,726.1% in the 3rd quarter. Pacer Advisors Inc. now owns 958,600 shares of the shipping company’s stock valued at $136,716,000 after purchasing an additional 958,577 shares during the period. Wedge Capital Management L L P NC bought a new stake in Matson in the 4th quarter valued at $9,788,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in Matson in the 3rd quarter valued at $6,735,000. International Assets Investment Management LLC boosted its stake in Matson by 14,162.0% in the 3rd quarter. International Assets Investment Management LLC now owns 42,786 shares of the shipping company’s stock valued at $6,102,000 after purchasing an additional 42,486 shares during the period. Finally, Nomura Asset Management Co. Ltd. bought a new stake in Matson in the 3rd quarter valued at $5,746,000. 84.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MATX shares. Wolfe Research downgraded Matson from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 18th. Stephens reiterated an “overweight” rating and set a $165.00 target price on shares of Matson in a research report on Thursday, January 2nd.

Matson Stock Performance

NYSE:MATX opened at $141.90 on Friday. The stock has a fifty day moving average price of $139.85 and a 200-day moving average price of $140.13. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 11.80 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13. Matson, Inc. has a fifty-two week low of $100.50 and a fifty-two week high of $169.12.

Matson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 6th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.96%. Matson’s payout ratio is 11.31%.

Matson Profile

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.