Zurcher Kantonalbank Zurich Cantonalbank Decreases Holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 16.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,702 shares of the financial services provider’s stock after selling 8,059 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Alexander & Baldwin worth $701,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in Alexander & Baldwin in the fourth quarter worth approximately $206,000. PharVision Advisers LLC bought a new position in Alexander & Baldwin in the fourth quarter worth approximately $209,000. Tower Research Capital LLC TRC raised its position in Alexander & Baldwin by 138.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,169 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 7,653 shares during the period. Hancock Whitney Corp bought a new position in Alexander & Baldwin in the fourth quarter worth approximately $236,000. Finally, Raymond James Financial Inc. bought a new position in Alexander & Baldwin in the fourth quarter worth approximately $272,000. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

Alexander & Baldwin Stock Down 0.1%

Shares of ALEX stock opened at $18.19 on Thursday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.61 and a beta of 1.04. Alexander & Baldwin Holdings, Inc. has a one year low of $15.70 and a one year high of $20.11. The company’s fifty day moving average price is $17.98 and its 200-day moving average price is $17.60. 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 Dividend Announcement

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

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.