UBS Asset Management Americas Inc. raised its position in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 14.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,793 shares of the financial services provider’s stock after buying an additional 2,000 shares during the period. UBS Asset Management Americas Inc.’s holdings in Alexander & Baldwin Holdings were worth $703,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. IFP Advisors Inc raised its stake in Alexander & Baldwin Holdings by 1.3% in the first quarter. IFP Advisors Inc now owns 2,580 shares of the financial services provider’s stock worth $115,000 after buying an additional 32 shares during the last quarter. Flinton Capital Management LLC raised its stake in Alexander & Baldwin Holdings by 14.6% in the first quarter. Flinton Capital Management LLC now owns 2,632 shares of the financial services provider’s stock worth $117,000 after buying an additional 336 shares during the last quarter. Leavell Investment Management Inc. acquired a new stake in Alexander & Baldwin Holdings during the first quarter worth $223,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Alexander & Baldwin Holdings by 186.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,282 shares of the financial services provider’s stock worth $235,000 after buying an additional 3,438 shares during the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new stake in Alexander & Baldwin Holdings during the first quarter worth $295,000. 75.81% of the stock is currently owned by hedge funds and other institutional investors.
Alexander & Baldwin Holdings, Inc. (NYSE ALEX) traded up 0.58% during midday trading on Tuesday, reaching $43.28. 215,526 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $41.87 and a 200-day moving average of $43.24. Alexander & Baldwin Holdings, Inc. has a 12 month low of $36.98 and a 12 month high of $46.87. The stock has a market cap of $2.13 billion, a PE ratio of 219.70 and a beta of 1.43.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Thursday, August 3rd. Alexander & Baldwin Holdings’s dividend payout ratio (DPR) is presently 133.33%.
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Separately, BidaskClub raised shares of Alexander & Baldwin Holdings from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 20th.
In other Alexander & Baldwin Holdings news, Director Stanley M. Kuriyama sold 4,250 shares of Alexander & Baldwin Holdings stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $41.75, for a total transaction of $177,437.50. Following the transaction, the director now directly owns 260,133 shares of the company’s stock, valued at $10,860,552.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.60% of the company’s stock.
About Alexander & Baldwin Holdings
Alexander & Baldwin, Inc (A&B) is a real estate company. The Company operates through three segments: Commercial Real Estate, Land Operations, and Materials and Construction. In addition to its 15 retail centers in Hawaii, the Company owned seven industrial assets, seven office properties and a portfolio of urban ground leases comprising 106 acres in Hawaii, as of December 31, 2016.
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