Matson, Inc. (NYSE:MATX) is expected to pay $0.19 on Dec 1, 2016. The indicated annual dividend is $0.76. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Matson, Inc.’s current price of $39.80, the dividend is 0.48%. This dividend’s record date is Nov 10, 2016 and the announcement date is Oct 28, 2016. The stock decreased 0.67% or $0.27 on November 4, hitting $39.8. Matson, Inc. (NYSE:MATX) has risen 5.01% since April 5, 2016 and is uptrending. It has outperformed by 3.06% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 0.55 in Q2 2016. Its down 0.29, from 0.84 in 2016Q1. The ratio dropped, as 37 funds sold all Matson, Inc. shares owned while 76 reduced positions. 18 funds bought stakes while 44 increased positions. They now own 34.63 million shares or 0.95% less from 34.96 million shares in 2016Q1.
Axa has 13,050 shares for 0% of their US portfolio. D E Shaw & Inc last reported 0% of its portfolio in the stock. Blackrock Fund Advsrs has 3.15M shares for 0.02% of their US portfolio. Citadel Advsr Ltd Liability Company owns 47,492 shares or 0% of their US portfolio. Us National Bank De accumulated 1,692 shares or 0% of the stock. Moreover, Marshall Wace Limited Liability Partnership has 0.02% invested in Matson, Inc. (NYSE:MATX) for 73,000 shares. Dimensional Fund Advisors L P accumulated 0.06% or 3.15M shares. Vanguard Grp Inc holds 3.38 million shares or 0.01% of its portfolio. Ameriprise accumulated 530,145 shares or 0.01% of the stock. Fmr Lc has invested 0% of its portfolio in Matson, Inc. (NYSE:MATX). New York State Teachers Retirement Sys holds 0.01% or 86,685 shares in its portfolio. Pnc Grp Inc owns 60,761 shares or 0% of their US portfolio. Rhumbline Advisers has invested 0.01% of its portfolio in Matson, Inc. (NYSE:MATX). Price T Rowe Incorporated Md reported 2.07M shares or 0.01% of all its holdings. Primecap Management Co Ca holds 229,761 shares or 0.01% of its portfolio.
Insider Transactions: Since August 9, 2016, the stock had 0 insider buys, and 4 sales for $983,675 net activity. $417,153 worth of shares were sold by Angoco Vic S Jr on Monday, August 29. Another trade for 1,000 shares valued at $35,956 was made by BAIRD W BLAKE on Tuesday, August 9.
Matson, Inc. (NYSE:MATX) Ratings Coverage
Out of 2 analysts covering Matson (NYSE:MATX), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Matson has been the topic of 2 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 5. The rating was maintained by FBR Capital with “Mkt Perform” on Monday, November 9.
More notable recent Matson, Inc. (NYSE:MATX) news were published by: Prnewswire.com which released: “Stanley Kuriyama Appointed To Matson, Inc. Board Of Directors” on June 23, 2016, also Prnewswire.com with their article: “Matson Announces Closing Of $200 Million Debt Private Placement” published on September 14, 2016, Bizjournals.com published: “Matson Inc. loses empty containers at sea off San Francisco” on December 14, 2015. More interesting news about Matson, Inc. (NYSE:MATX) were released by: Bizjournals.com and their article: “Matson reports Q1 net income of $18.1M” published on May 05, 2016 as well as Seekingalpha.com‘s news article titled: “Matson Is Strengthening Its Competitive Position” with publication date: August 24, 2016.
MATX Company Profile
Matson, Inc. (Matson), incorporated on January 25, 2012, is a holding company. The Firm provides ocean transportation and logistics services. The Firm operates through two divisions: Ocean Transportation and Logistics. The Company’s Ocean Transportation business is conducted through its subsidiary, Matson Navigation Company, Inc. (MatNav). MatNav is an asset business that provides ocean freight transportation services to the domestic economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia and in the South Pacific. Matson’s fleet consists of approximately 20 owned and over three chartered vessels, including containerships, combination container/roll-on/roll-off ships, roll-on/roll-off barge and barges equipped with cranes. Matson’s Logistics business is conducted through Matson Logistics, Inc. (Matson Logistics or Logistics), a subsidiary of MatNav. Matson Logistics is an asset-light business that provides multimodal transportation services, including domestic and international rail intermodal service (Intermodal); long-haul and regional highway brokerage, specialized hauling, flat-bed and project services, less-than-truckload services, expedited freight services (collectively Highway); supply chain management, and warehousing and distribution services.
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