Bank of New York Mellon Corp lessened its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 578,397 shares of the financial services provider’s stock after selling 15,439 shares during the period. Bank of New York Mellon Corp owned approximately 1.18% of Alexander & Baldwin worth $26,797,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ALEX. IFP Advisors Inc grew its stake in Alexander & Baldwin by 1.0% during the second quarter. IFP Advisors Inc now owns 2,606 shares of the financial services provider’s stock worth $108,000 after buying an additional 26 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Alexander & Baldwin by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 3,830 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,530 shares during the last quarter. Flinton Capital Management LLC grew its stake in shares of Alexander & Baldwin by 62.8% during the second quarter. Flinton Capital Management LLC now owns 4,284 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 1,652 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Alexander & Baldwin during the third quarter valued at approximately $208,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Alexander & Baldwin during the third quarter valued at approximately $208,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

In other Alexander & Baldwin news, Director Stanley M. Kuriyama sold 4,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $43.56, for a total value of $185,130.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.60% of the stock is currently owned by company insiders.

Alexander & Baldwin Holdings, Inc. (ALEX) opened at $28.65 on Wednesday. Alexander & Baldwin Holdings, Inc. has a 52 week low of $28.51 and a 52 week high of $46.96. The stock has a market cap of $1,410.41, a P/E ratio of 29.26 and a beta of 1.45. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.51.

The firm also recently disclosed a special dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Wednesday, November 29th will be paid a $15.92 dividend. The ex-dividend date is Tuesday, November 28th. This is a boost from Alexander & Baldwin’s previous special dividend of $0.04. Alexander & Baldwin’s dividend payout ratio (DPR) is presently 75.68%.

Several analysts have recently commented on ALEX shares. BidaskClub raised shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. TheStreet cut shares of Alexander & Baldwin from a “b-” rating to a “c” rating in a research note on Tuesday, November 28th.

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About Alexander & Baldwin

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.

Institutional Ownership by Quarter for Alexander & Baldwin (NYSE:ALEX)

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