Charles Schwab Investment Management Inc. lowered its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 3.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,940,916 shares of the financial services provider's stock after selling 72,810 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.67% of Alexander & Baldwin worth $33,442,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALEX. US Bancorp DE grew its holdings 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 valued at $117,000 after buying an additional 5,600 shares during the last quarter. XTX Topco Ltd acquired a new stake in Alexander & Baldwin in the 4th quarter valued at approximately $206,000. PharVision Advisers LLC acquired a new stake in Alexander & Baldwin in the 4th quarter valued at approximately $209,000. Tower Research Capital LLC TRC grew its holdings in Alexander & Baldwin by 138.7% in 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 buying an additional 7,653 shares during the last quarter. Finally, Hancock Whitney Corp acquired a new stake in Alexander & Baldwin in the 4th quarter valued at approximately $236,000. Institutional investors and hedge funds own 91.29% of the company's stock.
Alexander & Baldwin Stock Performance
ALEX traded up $0.4160 during midday trading on Friday, reaching $19.0160. The company's stock had a trading volume of 394,006 shares, compared to its average volume of 361,092. The stock has a market cap of $1.38 billion, a P/E ratio of 17.77, a PEG ratio of 1.70 and a beta of 1.04. The company has a fifty day simple moving average of $18.07 and a 200 day simple moving average of $17.66. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44. Alexander & Baldwin Holdings, Inc. has a twelve month low of $15.70 and a twelve month high of $20.11.
Alexander & Baldwin Dividend Announcement
The company 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. This represents a $0.90 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 12th. Alexander & Baldwin's dividend payout ratio (DPR) is presently 84.11%.
About Alexander & Baldwin
(
Free Report)
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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