Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. trimmed its position in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 299,724 shares of the financial services provider's stock after selling 18,877 shares during the quarter. Pekin Hardy Strauss Inc. owned approximately 0.41% of Alexander & Baldwin worth $5,164,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. bought a new position in Alexander & Baldwin in the 4th quarter worth approximately $7,722,000. JPMorgan Chase & Co. raised its stake in shares of Alexander & Baldwin by 51.0% in the fourth quarter. JPMorgan Chase & Co. now owns 880,018 shares of the financial services provider's stock worth $15,612,000 after purchasing an additional 297,044 shares during the last quarter. Norges Bank bought a new position in Alexander & Baldwin during the fourth quarter valued at $5,236,000. Bank of America Corp DE boosted its stake in Alexander & Baldwin by 321.2% during the fourth quarter. Bank of America Corp DE now owns 355,240 shares of the financial services provider's stock valued at $6,302,000 after buying 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 fourth quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider's stock worth $18,110,000 after buying an additional 194,534 shares during the period. 91.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen cut Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report on Sunday, March 16th.

Alexander & Baldwin Price Performance

ALEX stock traded down $0.01 during trading on Thursday, hitting $17.84. The stock had a trading volume of 276,778 shares, compared to its average volume of 398,111. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.31 and a quick ratio of 0.31. Alexander & Baldwin Holdings, Inc. has a twelve month low of $15.70 and a twelve month high of $20.30. The stock has a market capitalization of $1.30 billion, a P/E ratio of 20.99 and a beta of 1.01. The company's 50-day moving average price is $17.78 and its two-hundred day moving average price is $17.53.

Alexander & Baldwin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Friday, June 13th were paid a dividend of $0.225 per share. The ex-dividend date was Friday, June 13th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.04%. Alexander & Baldwin's payout ratio is currently 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.