State of Wyoming Sells 14,912 Shares of Alexander & Baldwin Holdings, Inc. $ALEX

Key Points

• The State of Wyoming reduced its stake in Alexander & Baldwin Holdings, Inc. by 48.5%, now owning 15,808 shares valued at approximately $272,000.
• Multiple institutional investors increased their holdings, with AlphaQuest LLC notably raising its position by 10,293.3%, acquiring 51,239 shares valued at around $883,000.
• Alexander & Baldwin announced a quarterly dividend of $0.225 per share, representing an annualized yield of 4.7%, with a payout ratio of 84.11%.

State of Wyoming lowered its position in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 48.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,808 shares of the financial services provider's stock after selling 14,912 shares during the period. State of Wyoming's holdings in Alexander & Baldwin were worth $272,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of ALEX. US Bancorp DE lifted its position in Alexander & Baldwin by 468.6% during the first quarter. US Bancorp DE now owns 6,795 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 5,600 shares in the last quarter. PharVision Advisers LLC purchased a new position in Alexander & Baldwin during the fourth quarter valued at $209,000. Raymond James Financial Inc. purchased a new position in Alexander & Baldwin during the fourth quarter valued at $272,000. Cerity Partners LLC purchased a new position in Alexander & Baldwin during the first quarter valued at $280,000. Finally, Natixis Advisors LLC purchased a new position in Alexander & Baldwin during the first quarter valued at $304,000. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

Alexander & Baldwin Price Performance

Shares of NYSE:ALEX traded down $0.34 during mid-day trading on Monday, reaching $19.10. The stock had a trading volume of 50,354 shares, compared to its average volume of 417,672. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.39 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 1.74 and a beta of 1.07. Alexander & Baldwin Holdings, Inc. has a 1 year low of $15.70 and a 1 year high of $20.11. The business's 50 day moving average price is $18.33 and its 200 day moving average price is $17.75.

Alexander & Baldwin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 12th. Alexander & Baldwin's payout ratio is presently 84.11%.

Analysts Set New Price Targets

Separately, JMP Securities restated a "market perform" rating on shares of Alexander & Baldwin in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Alexander & Baldwin 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.