Alexander & Baldwin Holdings, Inc. $ALEX Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 4.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 78,642 shares of the financial services provider’s stock after acquiring an additional 3,461 shares during the period. State of Alaska Department of Revenue owned 0.11% of Alexander & Baldwin worth $1,400,000 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. Jones Financial Companies Lllp acquired a new stake in shares of Alexander & Baldwin during the first quarter valued at $41,000. Parallel Advisors LLC boosted its stake in shares of 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 last quarter. Quarry LP boosted its stake in shares of 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 last quarter. US Bancorp DE boosted its stake in shares of 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 last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Alexander & Baldwin during the first quarter valued at $191,000. 91.29% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Stock Performance

Shares of ALEX stock opened at $17.85 on Friday. Alexander & Baldwin Holdings, Inc. has a one year low of $15.70 and a one year high of $19.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.20 and a current ratio of 0.20. The company has a 50 day moving average price of $18.52 and a 200 day moving average price of $17.82. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.59 and a beta of 1.04.

Alexander & Baldwin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 12th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.90 annualized dividend and a yield of 5.0%. Alexander & Baldwin’s dividend payout ratio is 84.11%.

Analyst Ratings Changes

A number of research firms recently commented on ALEX. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Alexander & Baldwin in a research note on Saturday, September 27th. JMP Securities reaffirmed a “market perform” rating on shares of Alexander & Baldwin in a research note on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $24.00.

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.