Alexander & Baldwin, Inc. (NYSE:ALEX) VP Sells $12,453.00 in Stock

Alexander & Baldwin, Inc. (NYSE:ALEX - Get Free Report) VP Meredith J. Ching sold 700 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $17.79, for a total value of $12,453.00. Following the sale, the vice president now directly owns 150,349 shares in the company, valued at approximately $2,674,708.71. The trade was a 0.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Alexander & Baldwin Price Performance

Shares of NYSE ALEX traded up $0.28 during trading on Monday, hitting $17.77. The company had a trading volume of 351,017 shares, compared to its average volume of 387,200. The company has a market cap of $1.29 billion, a P/E ratio of 28.65 and a beta of 0.99. Alexander & Baldwin, Inc. has a 52 week low of $15.70 and a 52 week high of $20.30. The business's 50-day moving average is $17.09 and its 200 day moving average is $17.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.15. The company had revenue of $62.45 million for the quarter, compared to analysts' expectations of $49.68 million. Alexander & Baldwin had a return on equity of 5.93% and a net margin of 19.64%. Equities research analysts predict that Alexander & Baldwin, Inc. will post 1.35 earnings per share for the current fiscal year.

Alexander & Baldwin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 13th will be issued a $0.225 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.90 annualized dividend and a dividend yield of 5.07%. Alexander & Baldwin's dividend payout ratio is currently 105.88%.

Hedge Funds Weigh In On Alexander & Baldwin

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALEX. Smartleaf Asset Management LLC grew its position in Alexander & Baldwin by 284.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider's stock worth $29,000 after purchasing an additional 1,239 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in Alexander & Baldwin during the 4th quarter worth approximately $112,000. US Bancorp DE grew its position in Alexander & Baldwin by 468.6% during the 1st quarter. US Bancorp DE now owns 6,795 shares of the financial services provider's stock worth $117,000 after purchasing an additional 5,600 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Alexander & Baldwin during the 4th quarter valued at $206,000. Finally, PharVision Advisers LLC purchased a new position in shares of Alexander & Baldwin during the 4th quarter valued at $209,000. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ALEX. StockNews.com cut Alexander & Baldwin from a "buy" rating to a "hold" rating in a report on Sunday, March 16th. Piper Sandler boosted their target price on Alexander & Baldwin from $23.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, February 28th.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company's simplification and monetization effort.

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