Covestor Ltd Grows Position in Seaboard Co. (NYSEAMERICAN:SEB)

Covestor Ltd raised its holdings in shares of Seaboard Co. (NYSEAMERICAN:SEB) by 18.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32 shares of the company’s stock after purchasing an additional 5 shares during the quarter. Covestor Ltd’s holdings in Seaboard were worth $106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SEB. Pacer Advisors Inc. increased its position in shares of Seaboard by 54.8% during the fourth quarter. Pacer Advisors Inc. now owns 11,675 shares of the company’s stock valued at $41,681,000 after buying an additional 4,134 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Seaboard by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 42,580 shares of the company’s stock valued at $152,015,000 after buying an additional 2,342 shares during the period. Edgestream Partners L.P. increased its position in shares of Seaboard by 187.6% during the first quarter. Edgestream Partners L.P. now owns 2,327 shares of the company’s stock valued at $7,502,000 after buying an additional 1,518 shares during the period. Private Management Group Inc. increased its position in shares of Seaboard by 20.3% during the first quarter. Private Management Group Inc. now owns 5,382 shares of the company’s stock valued at $17,351,000 after buying an additional 907 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Seaboard by 64.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,560 shares of the company’s stock valued at $5,029,000 after buying an additional 610 shares during the period. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Stock Up 0.4 %

NYSEAMERICAN SEB traded up $12.32 on Tuesday, reaching $3,157.32. 969 shares of the company’s stock traded hands, compared to its average volume of 3,154. The stock has a market capitalization of $3.06 billion, a P/E ratio of 13.07 and a beta of 0.35. Seaboard Co. has a 12 month low of $2,955.33 and a 12 month high of $3,862.00. 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 (NYSEAMERICAN:SEB) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $22.66 EPS for the quarter. Seaboard had a return on equity of 5.41% and a net margin of 2.85%. The company had revenue of $2.19 billion during the quarter.

Seaboard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 10th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Thursday, May 9th. Seaboard’s payout ratio is 3.74%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Seaboard from a “hold” rating to a “buy” rating in a research report on Friday, May 10th.

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.