Bank of New York Mellon Corp Decreases Position in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

Bank of New York Mellon Corp decreased its holdings in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 2.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 640,645 shares of the financial services provider's stock after selling 14,882 shares during the quarter. Bank of New York Mellon Corp owned 0.88% of Alexander & Baldwin worth $11,038,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ALEX. XTX Topco Ltd bought a new stake in Alexander & Baldwin during the 4th quarter valued at $206,000. PharVision Advisers LLC bought a new stake in Alexander & Baldwin during the 4th quarter valued at $209,000. Tower Research Capital LLC TRC boosted its position in 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 in the last quarter. Hancock Whitney Corp bought a new stake in Alexander & Baldwin during the 4th quarter valued at $236,000. Finally, Raymond James Financial Inc. bought a new stake in Alexander & Baldwin during the 4th quarter valued at $272,000. Institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Stock Up 0.8%

NYSE ALEX traded up $0.14 during midday trading on Thursday, hitting $18.09. 579,077 shares of the company traded hands, compared to its average volume of 395,488. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $1.32 billion, a PE ratio of 21.28 and a beta of 1.01. The company's 50-day simple moving average is $17.86 and its 200-day simple moving average is $17.55. Alexander & Baldwin Holdings, Inc. has a 52 week low of $15.70 and a 52 week high of $20.30.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last announced its earnings results on Thursday, July 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.19. Alexander & Baldwin had a return on equity of 6.49% and a net margin of 27.05%. As a group, equities research analysts forecast that Alexander & Baldwin Holdings, Inc. will post 1.35 earnings per share for the current year.

Alexander & Baldwin Dividend Announcement

The firm 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 is Friday, September 12th. This represents a $0.90 annualized dividend and a dividend yield of 4.97%. Alexander & Baldwin's dividend payout ratio is presently 105.88%.

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.