Northern Trust Corp Sells 16,085 Shares of Alexander & Baldwin Holdings, Inc. $ALEX

Northern Trust Corp reduced its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,004,760 shares of the financial services provider’s stock after selling 16,085 shares during the period. Northern Trust Corp owned 1.38% of Alexander & Baldwin worth $17,312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALEX. Vanguard Group Inc. grew its holdings in shares of Alexander & Baldwin by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 11,650,160 shares of the financial services provider’s stock valued at $200,732,000 after acquiring an additional 172,992 shares in the last quarter. Regency Capital Management Inc. DE grew its stake in Alexander & Baldwin by 21.7% in the first quarter. Regency Capital Management Inc. DE now owns 524,304 shares of the financial services provider’s stock valued at $9,034,000 after purchasing an additional 93,557 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Alexander & Baldwin by 29.5% during the 1st quarter. Allianz Asset Management GmbH now owns 506,034 shares of the financial services provider’s stock worth $8,719,000 after purchasing an additional 115,161 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Alexander & Baldwin by 3.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,565 shares of the financial services provider’s stock worth $8,862,000 after purchasing an additional 18,312 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Alexander & Baldwin during the 1st quarter worth approximately $8,116,000. 91.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Alexander & Baldwin Stock Performance

Shares of NYSE ALEX opened at $19.01 on Wednesday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $1.38 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.73 and a beta of 1.07. Alexander & Baldwin Holdings, Inc. has a 12 month low of $15.70 and a 12 month high of $20.11. The stock has a 50 day moving average of $18.25 and a 200-day moving average of $17.72.

Alexander & Baldwin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 12th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 12th. Alexander & Baldwin’s payout ratio is 84.11%.

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.