Vanguard Group Inc. Acquires 172,992 Shares of Alexander & Baldwin Holdings, Inc. $ALEX

Key Points

• Vanguard Group Inc. has increased its holdings in Alexander & Baldwin Holdings, Inc. by 1.5%, now owning 11,650,160 shares worth approximately $200.7 million.
• The company declared a quarterly dividend of $0.225 per share, resulting in an annualized dividend of $0.90 and a yield of 4.8%.
• As of recent filings, institutional investors and hedge funds own 91.29% of Alexander & Baldwin's stock, highlighting significant institutional interest.

Vanguard Group Inc. grew its position in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,650,160 shares of the financial services provider's stock after purchasing an additional 172,992 shares during the period. Vanguard Group Inc. owned about 16.02% of Alexander & Baldwin worth $200,732,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ALEX. US Bancorp DE increased its position in Alexander & Baldwin by 468.6% in 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 during the last quarter. XTX Topco Ltd acquired a new position in shares of Alexander & Baldwin during the 4th quarter valued at about $206,000. PharVision Advisers LLC acquired a new position in shares of Alexander & Baldwin during the 4th quarter valued at about $209,000. Tower Research Capital LLC TRC increased its holdings in shares of Alexander & Baldwin by 138.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,169 shares of the financial services provider's stock valued at $234,000 after acquiring an additional 7,653 shares during the last quarter. Finally, Hancock Whitney Corp acquired a new position in shares of Alexander & Baldwin during the 4th quarter valued at about $236,000. 91.29% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Stock Down 0.2%

Shares of NYSE ALEX traded down $0.0450 during mid-day trading on Monday, reaching $18.9950. 283,988 shares of the company traded hands, compared to its average volume of 354,722. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.20 and a current ratio of 0.20. The stock has a market cap of $1.38 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04. The company's fifty day moving average is $18.09 and its two-hundred day moving average is $17.66. Alexander & Baldwin Holdings, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $20.11.

Alexander & Baldwin Announces Dividend

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

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.