Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) VP Meredith J. Ching Sells 700 Shares

Key Points

• Meredith J. Ching, VP of Alexander & Baldwin Holdings, sold **700 shares** of the company's stock at an average price of **$18.14**, totaling **$12,698.00**, reducing her ownership to **148,249 shares**.
• The company announced a **quarterly dividend** of **$0.225 per share**, set to be paid on **October 7th**, representing an annualized yield of **5.0%** with a payout ratio of **84.11%**.
• A significant portion of the company’s stock, **91.29%**, is owned by **institutional investors and hedge funds**, indicating strong institutional interest in Alexander & Baldwin Holdings.

Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Get Free Report) VP Meredith J. Ching sold 700 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $18.14, for a total transaction of $12,698.00. Following the completion of the sale, the vice president owned 148,249 shares of the company's stock, valued at approximately $2,689,236.86. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Alexander & Baldwin Stock Down 0.4%

ALEX traded down $0.08 during trading on Friday, hitting $18.35. The company had a trading volume of 40,345 shares, compared to its average volume of 429,011. The company has a market cap of $1.33 billion, a PE ratio of 17.14, a P/E/G ratio of 1.66 and a beta of 1.04. The business has a 50-day moving average of $18.02 and a 200-day moving average of $17.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.20 and a quick ratio of 0.20. Alexander & Baldwin Holdings, Inc. has a 1-year low of $15.70 and a 1-year high of $20.11.

Alexander & Baldwin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, September 12th. This represents a $0.90 annualized dividend and a yield of 4.9%. Alexander & Baldwin's payout ratio is presently 84.11%.

Hedge Funds Weigh In On Alexander & Baldwin

Institutional investors have recently modified their holdings of the company. Evelyn Partners Asset Management Ltd bought a new position in Alexander & Baldwin in the 2nd quarter valued at about $25,000. Jones Financial Companies Lllp bought a new position in Alexander & Baldwin in the 1st quarter valued at about $41,000. Parallel Advisors LLC grew its position in Alexander & Baldwin by 76.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,462 shares of the financial services provider's stock valued at $44,000 after buying an additional 1,069 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in Alexander & Baldwin in the 2nd quarter valued at about $46,000. Finally, CWM LLC grew its position in Alexander & Baldwin by 188.2% in the 2nd quarter. CWM LLC now owns 3,213 shares of the financial services provider's stock valued at $57,000 after buying an additional 2,098 shares in the last quarter. Institutional investors own 91.29% of the company's stock.

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.