State of Wyoming Increases Stock Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

State of Wyoming boosted its holdings in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 126.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,720 shares of the financial services provider's stock after purchasing an additional 17,125 shares during the quarter. State of Wyoming's holdings in Alexander & Baldwin were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ALEX. Charles Schwab Investment Management Inc. grew its stake in shares of Alexander & Baldwin by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,013,726 shares of the financial services provider's stock valued at $35,723,000 after buying an additional 43,333 shares during the period. Northern Trust Corp boosted its holdings in 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 valued at $18,110,000 after acquiring an additional 194,534 shares during the last quarter. JPMorgan Chase & Co. grew its position in 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. Clearbridge Investments LLC increased its stake in Alexander & Baldwin by 0.5% during the fourth quarter. Clearbridge Investments LLC now owns 614,940 shares of the financial services provider's stock worth $10,909,000 after acquiring an additional 3,210 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Alexander & Baldwin by 2.2% during the fourth quarter. Invesco Ltd. now owns 457,377 shares of the financial services provider's stock worth $8,114,000 after acquiring an additional 9,705 shares during the last quarter. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ALEX. StockNews.com lowered Alexander & Baldwin from a "buy" rating to a "hold" rating in a research note on Sunday, March 16th. Piper Sandler lifted their price target on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, February 28th.

Alexander & Baldwin Stock Up 0.3%

Shares of NYSE ALEX opened at $17.74 on Tuesday. The stock has a fifty day moving average price of $17.05 and a 200 day moving average price of $17.86. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. Alexander & Baldwin, Inc. has a 12-month low of $15.70 and a 12-month high of $20.30. The company has a market cap of $1.29 billion, a P/E ratio of 28.61 and a beta of 0.99.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last issued its earnings results on Thursday, February 27th. The financial services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.15. The company had revenue of $62.45 million during the quarter, compared to the consensus estimate of $49.68 million. Alexander & Baldwin had a return on equity of 5.93% and a net margin of 19.64%. Research analysts anticipate that Alexander & Baldwin, Inc. will post 1.35 EPS for the current fiscal year.

Alexander & Baldwin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.07%. Alexander & Baldwin's dividend 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.

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