Sumitomo Mitsui DS Asset Management Company Ltd Buys 6,794 Shares of Alexander & Baldwin Holdings, Inc. $ALEX

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 55.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,989 shares of the financial services provider’s stock after purchasing an additional 6,794 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Alexander & Baldwin were worth $339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in Alexander & Baldwin during the first quarter valued at about $41,000. Parallel Advisors LLC raised its holdings in Alexander & Baldwin by 76.7% during the second quarter. Parallel Advisors LLC now owns 2,462 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 1,069 shares during the period. Quarry LP raised its holdings in Alexander & Baldwin by 32.3% during the first quarter. Quarry LP now owns 4,264 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 1,042 shares during the period. US Bancorp DE raised its holdings in Alexander & Baldwin by 468.6% during the first 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 period. Finally, EP Wealth Advisors LLC bought a new stake in Alexander & Baldwin during the first quarter valued at about $191,000. 91.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Alexander & Baldwin Stock Down 0.0%

Shares of NYSE:ALEX opened at $18.37 on Tuesday. Alexander & Baldwin Holdings, Inc. has a 1 year low of $15.70 and a 1 year high of $19.97. The business has a 50 day simple moving average of $18.47 and a two-hundred day simple moving average of $17.80. The firm has a market capitalization of $1.34 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.64 and a beta of 1.07. 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 firm also recently announced 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 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, September 12th. Alexander & Baldwin’s payout ratio is 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.