Meredith J. Ching Sells 700 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX) Stock

Alexander & Baldwin, Inc. (NYSE:ALEX) VP Meredith J. Ching sold 700 shares of Alexander & Baldwin stock in a transaction on Friday, January 10th. The stock was sold at an average price of $16.97, for a total transaction of $11,879.00. Following the sale, the vice president now directly owns 148,467 shares of the company’s stock, valued at approximately $2,519,484.99. This trade represents a 0.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Alexander & Baldwin Trading Down 1.5 %

NYSE ALEX opened at $17.05 on Friday. Alexander & Baldwin, Inc. has a twelve month low of $15.53 and a twelve month high of $20.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 27.50 and a beta of 1.29. The firm’s 50 day moving average price is $18.75 and its two-hundred day moving average price is $18.70.

Alexander & Baldwin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were issued a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend was Friday, December 20th. Alexander & Baldwin’s dividend payout ratio is 145.16%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ALEX. StockNews.com raised Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Monday, November 25th. JMP Securities reaffirmed a “market perform” rating on shares of Alexander & Baldwin in a research report on Monday, January 6th. Finally, Piper Sandler restated an “overweight” rating and set a $23.00 target price (up previously from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Alexander & Baldwin has a consensus rating of “Moderate Buy” and an average price target of $22.50.

Institutional Investors Weigh In On Alexander & Baldwin

Several hedge funds and other institutional investors have recently made changes to their positions in ALEX. Jane Street Group LLC boosted its stake in shares of Alexander & Baldwin by 61.2% in the 3rd quarter. Jane Street Group LLC now owns 94,616 shares of the financial services provider’s stock valued at $1,817,000 after purchasing an additional 35,916 shares in the last quarter. HighTower Advisors LLC acquired a new position in Alexander & Baldwin during the third quarter worth $1,151,000. Victory Capital Management Inc. grew its position in Alexander & Baldwin by 3.1% in the third quarter. Victory Capital Management Inc. now owns 965,435 shares of the financial services provider’s stock valued at $18,536,000 after purchasing an additional 29,006 shares in the last quarter. Geode Capital Management LLC lifted its position in Alexander & Baldwin by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,876,341 shares of the financial services provider’s stock worth $36,032,000 after buying an additional 23,441 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Alexander & Baldwin by 101.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 221,692 shares of the financial services provider’s stock worth $4,256,000 after buying an additional 111,392 shares during the last quarter. 91.29% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Company 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.