Alexander & Baldwin Inc (NYSE:ALEX) Shares Acquired by California State Teachers Retirement System
California State Teachers Retirement System raised its stake in shares of Alexander & Baldwin Inc (NYSE:ALEX) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,944 shares of the financial services provider’s stock after acquiring an additional 1,278 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Alexander & Baldwin worth $2,621,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Alexander & Baldwin by 137.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,303,879 shares of the financial services provider’s stock valued at $30,120,000 after acquiring an additional 755,171 shares during the last quarter. Cadinha & Co. LLC acquired a new stake in shares of Alexander & Baldwin during the third quarter valued at about $366,000. Arizona State Retirement System increased its position in shares of Alexander & Baldwin by 1.1% during the second quarter. Arizona State Retirement System now owns 49,213 shares of the financial services provider’s stock valued at $1,137,000 after acquiring an additional 553 shares during the last quarter. Morgan Stanley grew its holdings in shares of Alexander & Baldwin by 182.1% in the second quarter. Morgan Stanley now owns 138,081 shares of the financial services provider’s stock valued at $3,189,000 after purchasing an additional 89,128 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Alexander & Baldwin by 49,463.6% in the second quarter. Panagora Asset Management Inc. now owns 396,509 shares of the financial services provider’s stock valued at $9,159,000 after purchasing an additional 395,709 shares in the last quarter. Institutional investors and hedge funds own 76.85% of the company’s stock.
In related news, Director Stanley M. Kuriyama sold 6,300 shares of Alexander & Baldwin stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $24.37, for a total value of $153,531.00. Following the completion of the transaction, the director now owns 300,335 shares in the company, valued at $7,319,163.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 18,900 shares of company stock valued at $448,056 in the last 90 days. Company insiders own 6.40% of the company’s stock.
Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.80). The business had revenue of $89.10 million during the quarter, compared to analyst estimates of $103.93 million. Alexander & Baldwin had a negative net margin of 28.41% and a negative return on equity of 10.75%. The company’s revenue for the quarter was down 25.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Tuesday, November 12th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, November 8th.
Alexander & Baldwin Company Profile
Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. A&B is a fully integrated real estate investment trust and owns, operates and manages approximately 3.5 million square feet of primarily retail and industrial space in Hawai`i, and is a major landowner in the state.
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