Insider Selling: Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) VP Sells 700 Shares of Stock

Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Get Free Report) VP Meredith J. Ching sold 700 shares of Alexander & Baldwin stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $17.93, for a total transaction of $12,551.00. Following the transaction, the vice president owned 148,949 shares in the company, valued at $2,670,655.57. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alexander & Baldwin Price Performance

Shares of ALEX stock traded down $0.01 on Friday, hitting $17.84. 359,156 shares of the stock traded hands, compared to its average volume of 432,587. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 20.99 and a beta of 1.01. Alexander & Baldwin Holdings, Inc. has a 52 week low of $15.70 and a 52 week high of $20.30. The firm has a 50 day simple moving average of $17.79 and a two-hundred day simple moving average of $17.54. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Friday, June 13th were issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.90 dividend on an annualized basis and a yield of 5.04%. Alexander & Baldwin's dividend payout ratio is currently 105.88%.

Institutional Trading of Alexander & Baldwin

A number of institutional investors and hedge funds have recently bought and sold shares of ALEX. Bank of America Corp DE grew its position in Alexander & Baldwin by 321.2% in the fourth 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 in the last quarter. Northern Trust Corp increased its stake in Alexander & Baldwin by 23.5% during the fourth 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 last quarter. GAMMA Investing LLC increased its stake in Alexander & Baldwin by 2,211.5% during the first quarter. GAMMA Investing LLC now owns 33,909 shares of the financial services provider's stock worth $584,000 after acquiring an additional 32,442 shares during the last quarter. Diversified Trust Co bought a new stake in Alexander & Baldwin during the first quarter worth approximately $606,000. Finally, Intech Investment Management LLC increased its stake in Alexander & Baldwin by 167.5% during the fourth quarter. Intech Investment Management LLC now owns 33,986 shares of the financial services provider's stock worth $603,000 after acquiring an additional 21,283 shares during the last quarter. 91.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

About Alexander & Baldwin

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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