Swiss National Bank Boosts Stake in Alexander & Baldwin, Inc. (NYSE:ALEX)

Swiss National Bank lifted its holdings in Alexander & Baldwin, Inc. (NYSE:ALEX – Get Rating) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,620 shares of the financial services provider’s stock after buying an additional 4,100 shares during the period. Swiss National Bank owned approximately 0.24% of Alexander & Baldwin worth $3,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CKW Financial Group lifted its stake in shares of Alexander & Baldwin by 67.0% in the fourth quarter. CKW Financial Group now owns 2,304 shares of the financial services provider’s stock worth $43,000 after buying an additional 924 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Alexander & Baldwin by 116.8% during the third quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 3,038 shares during the last quarter. ProShare Advisors LLC acquired a new stake in Alexander & Baldwin during the fourth quarter worth about $214,000. Keeley Teton Advisors LLC increased its position in Alexander & Baldwin by 13.0% during the third quarter. Keeley Teton Advisors LLC now owns 13,000 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Alexander & Baldwin during the first quarter worth about $231,000. 85.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Alexander & Baldwin in a research report on Thursday, May 18th. They set a “sell” rating for the company.

Alexander & Baldwin Price Performance

Alexander & Baldwin stock opened at $18.59 on Tuesday. Alexander & Baldwin, Inc. has a 12-month low of $15.80 and a 12-month high of $20.83. The stock has a market cap of $1.35 billion, a P/E ratio of -23.83 and a beta of 1.31. The company has a 50-day moving average price of $18.64 and a 200 day moving average price of $19.09. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.47.

Alexander & Baldwin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, June 16th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Thursday, June 15th. Alexander & Baldwin’s dividend payout ratio is presently -112.82%.

Alexander & Baldwin Profile

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Alexander & Baldwin, Inc engages in real estate business. It operates through the following segments: Commercial Real Estate, Land Operations, and Materials and Construction. The Commercial Real Estate segment includes investments and acquisitions, construction and development, in-house leasing and property management, and asset management.