Creative Planning Buys 136 Shares of Seaboard Co. (NYSEAMERICAN:SEB)

Creative Planning lifted its stake in Seaboard Co. (NYSEAMERICAN:SEB) by 92.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 283 shares of the company’s stock after buying an additional 136 shares during the quarter. Creative Planning’s holdings in Seaboard were worth $888,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Seaboard in the first quarter worth about $550,000. DAVENPORT & Co LLC grew its position in shares of Seaboard by 4.8% during the first quarter. DAVENPORT & Co LLC now owns 7,372 shares of the company’s stock worth $23,608,000 after purchasing an additional 337 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Seaboard during the first quarter worth about $1,847,000. Rhumbline Advisers grew its position in shares of Seaboard by 44.9% during the second quarter. Rhumbline Advisers now owns 913 shares of the company’s stock worth $2,886,000 after purchasing an additional 283 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Seaboard by 2,337.5% during the first quarter. Lazard Asset Management LLC now owns 390 shares of the company’s stock worth $1,257,000 after purchasing an additional 374 shares in the last quarter. Institutional investors own 22.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Seaboard from a “hold” rating to a “buy” rating in a research report on Tuesday.

Seaboard Stock Performance

NYSEAMERICAN SEB opened at $2,669.14 on Friday. The company has a market cap of $2.59 billion, a price-to-earnings ratio of -811.29 and a beta of 0.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.44 and a quick ratio of 1.47. Seaboard Co. has a 1-year low of $2,650.00 and a 1-year high of $3,796.00.

Seaboard (NYSEAMERICAN:SEB) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($153.44) earnings per share for the quarter. The firm had revenue of $2.22 billion for the quarter. Seaboard had a negative net margin of 0.02% and a negative return on equity of 0.04%.

Seaboard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Friday, November 8th. Seaboard’s dividend payout ratio (DPR) is -273.56%.

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.