State of Alaska Department of Revenue Has $2.54 Million Holdings in Matson, Inc. (NYSE:MATX)

State of Alaska Department of Revenue cut its holdings in Matson, Inc. (NYSE:MATX) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,874 shares of the shipping company’s stock after selling 290 shares during the quarter. State of Alaska Department of Revenue’s holdings in Matson were worth $2,544,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MATX. Harbor Capital Advisors Inc. acquired a new stake in Matson in the third quarter valued at about $50,000. DekaBank Deutsche Girozentrale acquired a new stake in Matson in the third quarter valued at about $92,000. Farther Finance Advisors LLC boosted its stake in Matson by 1,661.3% in the third quarter. Farther Finance Advisors LLC now owns 1,092 shares of the shipping company’s stock valued at $156,000 after buying an additional 1,030 shares in the last quarter. GAMMA Investing LLC boosted its stake in Matson by 12.1% in the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the shipping company’s stock valued at $166,000 after buying an additional 133 shares in the last quarter. Finally, CWM LLC boosted its stake in Matson by 80.4% in the third quarter. CWM LLC now owns 1,198 shares of the shipping company’s stock valued at $171,000 after buying an additional 534 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on MATX shares. Stephens reissued an “overweight” rating and set a $165.00 price target on shares of Matson in a research note on Thursday, January 2nd. Wolfe Research lowered Matson from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 18th.

Matson Stock Performance

Shares of MATX stock opened at $139.28 on Tuesday. The business’s 50-day moving average price is $140.61 and its 200-day moving average price is $139.95. Matson, Inc. has a 12 month low of $100.50 and a 12 month high of $169.12. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 11.59 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14.

Matson Announces Dividend

The business also recently disclosed 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 0.98%. Matson’s dividend payout ratio (DPR) is 11.31%.

Insider Transactions at Matson

In other news, SVP John Warren Sullivan sold 750 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $165.50, for a total transaction of $124,125.00. Following the completion of the transaction, the senior vice president now directly owns 12,745 shares in the company, valued at $2,109,297.50. This trade represents a 5.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rusty K. Rolfe sold 3,000 shares of Matson stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $165.97, for a total value of $497,910.00. Following the completion of the sale, the executive vice president now owns 21,871 shares of the company’s stock, valued at approximately $3,629,929.87. The trade was a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.32% of the stock is owned by corporate insiders.

Matson Company 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.