Matson, Inc. (NYSE:MATX – Get Free Report) SVP Laura L. Rascon sold 744 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $129.13, for a total value of $96,072.72. Following the transaction, the senior vice president now owns 12,369 shares of the company’s stock, valued at approximately $1,597,208.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Matson Trading Down 0.4 %
Shares of NYSE MATX opened at $129.19 on Friday. Matson, Inc. has a twelve month low of $82.68 and a twelve month high of $136.31. The firm has a market cap of $4.51 billion, a PE ratio of 15.23 and a beta of 1.09. The business has a fifty day simple moving average of $126.95 and a two-hundred day simple moving average of $117.55. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.16.
Matson Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 1st will be issued a $0.34 dividend. This is an increase from Matson’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, August 1st. Matson’s payout ratio is presently 16.04%.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several analysts have recently weighed in on MATX shares. StockNews.com upgraded Matson from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Stephens raised their price target on shares of Matson from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of Matson from $109.00 to $111.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st.
View Our Latest Report on Matson
About Matson
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.
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