Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 7.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 15,629 shares of the financial services provider’s stock after selling 1,298 shares during the period. M&T Bank Corp’s holdings in Alexander & Baldwin were worth $269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Proficio Capital Partners LLC purchased a new stake in Alexander & Baldwin in the fourth quarter valued at approximately $421,000. Raymond James Financial Inc. acquired a new position in Alexander & Baldwin in the fourth quarter valued at $272,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Alexander & Baldwin by 48.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,761 shares of the financial services provider’s stock valued at $865,000 after acquiring an additional 15,841 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Alexander & Baldwin during the fourth quarter worth about $1,467,000. Finally, Intech Investment Management LLC boosted its stake in shares of 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 buying an additional 21,283 shares during the period. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Trading Up 0.2%

Shares of ALEX opened at $17.70 on Friday. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 20.83 and a beta of 1.01. 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 1-year low of $15.70 and a 1-year high of $20.30. The firm has a 50 day simple moving average of $17.83 and a 200-day simple moving average of $17.54.

Alexander & Baldwin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Friday, June 13th. Alexander & Baldwin’s payout ratio is currently 105.88%.

Alexander & Baldwin 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.