Mutual of America Capital Management LLC Increases Stock Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

Mutual of America Capital Management LLC boosted its stake in Alexander & Baldwin, Inc. (NYSE:ALEXGet Rating) by 5.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,452 shares of the financial services provider’s stock after purchasing an additional 543 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Alexander & Baldwin were worth $242,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Alexander & Baldwin during the 4th quarter valued at about $361,000. Charles Schwab Investment Management Inc. raised its position in shares of Alexander & Baldwin by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,234,885 shares of the financial services provider’s stock valued at $30,984,000 after buying an additional 11,316 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Alexander & Baldwin during the 4th quarter valued at about $226,000. First Trust Advisors LP raised its position in shares of Alexander & Baldwin by 7.8% during the 4th quarter. First Trust Advisors LP now owns 14,498 shares of the financial services provider’s stock valued at $364,000 after buying an additional 1,045 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Alexander & Baldwin by 26.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,355 shares of the financial services provider’s stock valued at $686,000 after buying an additional 5,678 shares in the last quarter. Hedge funds and other institutional investors own 87.23% of the company’s stock.

Alexander & Baldwin Stock Performance

Alexander & Baldwin stock opened at $19.57 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.63 and a quick ratio of 0.78. Alexander & Baldwin, Inc. has a 1-year low of $17.05 and a 1-year high of $26.57. The firm has a market capitalization of $1.42 billion, a P/E ratio of 54.36 and a beta of 1.30. The company’s 50-day moving average is $18.74 and its 200 day moving average is $21.07.

Alexander & Baldwin (NYSE:ALEXGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The financial services provider reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.66. Alexander & Baldwin had a net margin of 6.88% and a return on equity of 2.59%. During the same period last year, the company posted $0.25 EPS. Research analysts forecast that Alexander & Baldwin, Inc. will post 1.08 EPS for the current year.

Alexander & Baldwin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Monday, September 19th will be given a $0.22 dividend. This is a positive change from Alexander & Baldwin’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Friday, September 16th. Alexander & Baldwin’s dividend payout ratio is 222.23%.

Analyst Ratings Changes

Separately, Piper Sandler decreased their target price on shares of Alexander & Baldwin to $22.00 in a research report on Monday, July 4th.

Alexander & Baldwin Company Profile

(Get Rating)

Alexander & Baldwin, Inc ("A&B") is Hawai'i's premier commercial real estate company and the largest owner of grocery-anchored, neighborhood shopping centers in the state. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, ten industrial assets and four office properties, as well as 154 acres of ground leases.

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

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