Alexander & Baldwin Holdings, Inc. $ALEX Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 1.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,650,160 shares of the financial services provider’s stock after acquiring an additional 172,992 shares during the period. Vanguard Group Inc. owned 16.02% of Alexander & Baldwin worth $200,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in Alexander & Baldwin by 3.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 19,810 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 621 shares during the last quarter. US Bancorp DE grew its stake in Alexander & Baldwin by 468.6% in the 1st quarter. US Bancorp DE now owns 6,795 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 5,600 shares during the last quarter. Natixis Advisors LLC acquired a new stake in Alexander & Baldwin in the 1st quarter valued at about $304,000. Mackenzie Financial Corp acquired a new stake in Alexander & Baldwin in the 1st quarter valued at about $1,535,000. Finally, Heartland Advisors Inc. grew its stake in Alexander & Baldwin by 60.0% in the 1st quarter. Heartland Advisors Inc. now owns 400,000 shares of the financial services provider’s stock valued at $6,892,000 after acquiring an additional 150,000 shares during the last quarter. 91.29% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Price Performance

Shares of NYSE ALEX opened at $18.7050 on Wednesday. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.62 and a beta of 1.04. Alexander & Baldwin Holdings, Inc. has a 52 week low of $15.70 and a 52 week high of $20.11. The company’s 50-day moving average price is $18.03 and its 200 day moving average price is $17.64. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44.

Alexander & Baldwin Announces Dividend

The company also recently declared 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. This represents a $0.90 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, September 12th. Alexander & Baldwin’s dividend payout ratio (DPR) is currently 84.11%.

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.