Measured Wealth Private Client Group LLC Acquires 140 Shares of Matson, Inc. (NYSE:MATX)

Measured Wealth Private Client Group LLC increased its holdings in shares of Matson, Inc. (NYSE:MATX) by 6.4% in the first quarter, Holdings Channel.com reports. The firm owned 2,332 shares of the shipping company’s stock after purchasing an additional 140 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Matson were worth $262,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MATX. McGlone Suttner Wealth Management Inc. bought a new stake in Matson in the 4th quarter valued at $26,000. USA Financial Formulas acquired a new stake in shares of Matson in the 4th quarter valued at about $26,000. Security National Bank acquired a new position in shares of Matson during the fourth quarter worth about $36,000. Blue Trust Inc. raised its position in Matson by 109.6% in the 4th quarter. Blue Trust Inc. now owns 415 shares of the shipping company’s stock valued at $45,000 after buying an additional 217 shares during the last quarter. Finally, Evermay Wealth Management LLC bought a new stake in Matson in the 4th quarter valued at approximately $66,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Matson

In other news, CFO Joel M. Wine sold 8,941 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $128.80, for a total transaction of $1,151,600.80. Following the completion of the transaction, the chief financial officer now directly owns 151,329 shares in the company, valued at $19,491,175.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Joel M. Wine sold 8,941 shares of Matson stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $128.80, for a total value of $1,151,600.80. Following the transaction, the chief financial officer now directly owns 151,329 shares of the company’s stock, valued at $19,491,175.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John Warren Sullivan sold 893 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $110.60, for a total transaction of $98,765.80. Following the completion of the transaction, the senior vice president now owns 13,495 shares in the company, valued at approximately $1,492,547. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,269 shares of company stock valued at $2,795,413. 2.32% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stephens reiterated an “overweight” rating and issued a $135.00 price objective on shares of Matson in a report on Friday, May 24th. StockNews.com upgraded Matson from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus boosted their target price on shares of Matson from $109.00 to $111.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st.

Matson Trading Up 0.1 %

Shares of MATX stock opened at $129.25 on Wednesday. Matson, Inc. has a 12-month low of $74.04 and a 12-month high of $133.53. The firm has a 50 day moving average price of $119.33 and a two-hundred day moving average price of $114.39. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.52 billion, a PE ratio of 15.24 and a beta of 1.09.

Matson (NYSE:MATX) last posted its quarterly earnings results on Tuesday, April 30th. The shipping company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. Matson had a return on equity of 12.66% and a net margin of 9.61%. The company had revenue of $722.10 million during the quarter, compared to analysts’ expectations of $730.44 million. During the same quarter in the previous year, the firm earned $0.94 EPS. Matson’s revenue was up 2.5% on a year-over-year basis. As a group, analysts predict that Matson, Inc. will post 10.1 earnings per share for the current year.

Matson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 1st will be paid a $0.34 dividend. This is an increase from Matson’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, August 1st. Matson’s dividend payout ratio (DPR) is presently 15.09%.

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.