Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) Holdings Increased 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 grew its position 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 13F filing with the Securities & Exchange Commission. The fund owned 240,345 shares of the financial services provider's stock after buying an additional 55,185 shares during the period. Everett Harris & Co. CA owned about 0.33% of Alexander & Baldwin worth $4,141,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Balyasny Asset Management L.P. bought a new position in Alexander & Baldwin during the 4th quarter worth $7,722,000. JPMorgan Chase & Co. boosted its holdings in shares of Alexander & Baldwin by 51.0% during the fourth quarter. JPMorgan Chase & Co. now owns 880,018 shares of the financial services provider's stock valued at $15,612,000 after acquiring an additional 297,044 shares during the period. Norges Bank bought a new position in shares of Alexander & Baldwin during the fourth quarter worth about $5,236,000. Bank of America Corp DE increased its holdings in shares of Alexander & Baldwin by 321.2% in the 4th quarter. Bank of America Corp DE now owns 355,240 shares of the financial services provider's stock worth $6,302,000 after acquiring an additional 270,907 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Alexander & Baldwin by 23.5% in the 4th quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider's stock worth $18,110,000 after acquiring an additional 194,534 shares during the period. Institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Stock Performance

Alexander & Baldwin stock traded up $0.04 during midday trading on Friday, reaching $18.21. 246,871 shares of the stock traded hands, compared to its average volume of 460,981. Alexander & Baldwin Holdings, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $20.11. 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 firm has a market cap of $1.32 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.61 and a beta of 1.04. The firm has a fifty day moving average price of $17.99 and a two-hundred day moving average price of $17.61.

Alexander & Baldwin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 12th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, September 12th. Alexander & Baldwin's dividend payout ratio (DPR) 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.