Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) Stock Holdings Lifted by Everett Harris & Co. CA

Key Points

• Everett Harris & Co. CA increased its holdings in Alexander & Baldwin by 29.8%, owning approximately 240,345 shares valued at $4.14 million.
• US Bancorp DE significantly boosted its stake in Alexander & Baldwin by 468.6% in the first quarter, highlighting increasing institutional interest in the company.
• A quarterly dividend of $0.225 per share has been declared, reflecting an annualized yield of 5.0% for shareholders of record.

Everett Harris & Co. CA boosted its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 29.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,345 shares of the financial services provider's stock after purchasing an additional 55,185 shares during the period. Everett Harris & Co. CA owned approximately 0.33% of Alexander & Baldwin worth $4,141,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. US Bancorp DE raised its stake in shares of 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 acquiring an additional 5,600 shares during the period. XTX Topco Ltd purchased a new position in shares of Alexander & Baldwin in the 4th quarter valued at $206,000. PharVision Advisers LLC purchased a new position in shares of Alexander & Baldwin in the 4th quarter valued at $209,000. Tower Research Capital LLC TRC raised its stake in shares of 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 acquiring an additional 7,653 shares during the period. Finally, Hancock Whitney Corp purchased a new position in shares of Alexander & Baldwin in the 4th quarter valued at $236,000. Hedge funds and other institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Trading Up 1.8%

Shares of ALEX stock traded up $0.33 during mid-day trading on Tuesday, reaching $18.41. The company's stock had a trading volume of 82,107 shares, compared to its average volume of 431,957. The company's 50 day simple moving average is $17.99 and its 200-day simple moving average is $17.61. Alexander & Baldwin Holdings, Inc. has a 12-month low of $15.70 and a 12-month high of $20.11. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $1.34 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04.

Alexander & Baldwin Announces Dividend

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 issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Friday, September 12th. Alexander & Baldwin's dividend payout ratio (DPR) is currently 84.11%.

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.