Private Management Group Inc. Sells 16 Shares of Seaboard Corporation $SEB

Private Management Group Inc. cut its position in Seaboard Corporation (NYSEAMERICAN:SEB) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,095 shares of the company’s stock after selling 16 shares during the period. Private Management Group Inc.’s holdings in Seaboard were worth $28,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Aigen Investment Management LP increased its stake in Seaboard by 7.0% in the 1st quarter. Aigen Investment Management LP now owns 92 shares of the company’s stock worth $248,000 after buying an additional 6 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Seaboard by 7.7% during the second quarter. Public Employees Retirement System of Ohio now owns 98 shares of the company’s stock worth $280,000 after purchasing an additional 7 shares in the last quarter. Covestor Ltd raised its stake in Seaboard by 19.5% during the 1st quarter. Covestor Ltd now owns 49 shares of the company’s stock valued at $133,000 after purchasing an additional 8 shares during the period. Victory Capital Management Inc. lifted its holdings in Seaboard by 3.0% in the 1st quarter. Victory Capital Management Inc. now owns 271 shares of the company’s stock worth $731,000 after purchasing an additional 8 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Seaboard by 11.2% in the 2nd quarter. Parallel Advisors LLC now owns 109 shares of the company’s stock worth $312,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 22.57% of the company’s stock.

Seaboard Trading Up 2.4%

Shares of SEB opened at $4,284.98 on Friday. The firm has a market cap of $4.11 billion, a P/E ratio of 10.44 and a beta of 0.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.44 and a quick ratio of 1.38. Seaboard Corporation has a 1 year low of $2,365.00 and a 1 year high of $4,318.50. The company has a 50 day simple moving average of $3,643.15 and a two-hundred day simple moving average of $3,292.79.

Seaboard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, November 7th. Seaboard’s payout ratio is currently 9.93%.

Seaboard 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.