Mills Wealth Advisors LLC Raises Holdings in St. Joe Company (The) $JOE

Mills Wealth Advisors LLC boosted its stake in St. Joe Company (The) (NYSE:JOE) by 39.7% in the 2nd quarter, Holdings Channel reports. The firm owned 88,591 shares of the financial services provider’s stock after buying an additional 25,193 shares during the quarter. St. Joe accounts for approximately 1.9% of Mills Wealth Advisors LLC’s portfolio, making the stock its 14th biggest position. Mills Wealth Advisors LLC’s holdings in St. Joe were worth $4,226,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in JOE. Nuveen LLC acquired a new stake in shares of St. Joe during the first quarter valued at about $7,195,000. Schwartz Investment Counsel Inc. grew its stake in St. Joe by 23.1% in the first quarter. Schwartz Investment Counsel Inc. now owns 330,400 shares of the financial services provider’s stock worth $15,512,000 after purchasing an additional 62,000 shares in the last quarter. Invesco Ltd. grew its stake in St. Joe by 84.5% in the first quarter. Invesco Ltd. now owns 114,888 shares of the financial services provider’s stock worth $5,394,000 after purchasing an additional 52,603 shares in the last quarter. Cutter & CO Brokerage Inc. acquired a new position in St. Joe in the first quarter worth about $2,379,000. Finally, AQR Capital Management LLC boosted its stake in St. Joe by 152.4% in the first quarter. AQR Capital Management LLC now owns 76,084 shares of the financial services provider’s stock valued at $3,572,000 after acquiring an additional 45,939 shares during the period. 86.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of St. Joe in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

St. Joe Stock Performance

Shares of JOE stock opened at $48.77 on Tuesday. The business has a 50 day moving average of $49.84 and a two-hundred day moving average of $47.60. The company has a market cap of $2.82 billion, a P/E ratio of 34.35 and a beta of 1.31. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.81. St. Joe Company has a 52 week low of $40.19 and a 52 week high of $59.55.

St. Joe (NYSE:JOE) last released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share for the quarter. The company had revenue of $129.10 million for the quarter. St. Joe had a return on equity of 11.19% and a net margin of 19.39%.

St. Joe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 22nd. St. Joe’s payout ratio is 39.44%.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 104,100 shares of St. Joe stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $51.08, for a total transaction of $5,317,428.00. Following the sale, the insider owned 16,324,624 shares of the company’s stock, valued at approximately $833,861,793.92. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 616,000 shares of company stock worth $31,340,145 over the last quarter. Insiders own 38.80% of the company’s stock.

St. Joe Company Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.