Thrivent Financial for Lutherans Sells 739 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

Thrivent Financial for Lutherans cut its holdings in shares of Alexander & Baldwin, Inc. (NYSE:ALEX – Get Rating) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,412 shares of the financial services provider’s stock after selling 739 shares during the period. Thrivent Financial for Lutherans’ holdings in Alexander & Baldwin were worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALEX. CKW Financial Group lifted its holdings in Alexander & Baldwin by 67.0% during the fourth quarter. CKW Financial Group now owns 2,304 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 924 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Alexander & Baldwin by 116.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 3,038 shares during the period. Van ECK Associates Corp raised its stake in shares of Alexander & Baldwin by 79.9% in the 4th quarter. Van ECK Associates Corp now owns 7,511 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 3,336 shares during the period. ProShare Advisors LLC acquired a new stake in shares of Alexander & Baldwin in the 4th quarter valued at about $214,000. Finally, Keeley Teton Advisors LLC raised its stake in shares of Alexander & Baldwin by 13.0% in the 3rd quarter. Keeley Teton Advisors LLC now owns 13,000 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 1,500 shares during the period. 85.56% of the stock is currently owned by institutional investors.

Alexander & Baldwin Price Performance

NYSE:ALEX opened at $18.50 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s 50-day simple moving average is $18.62 and its 200 day simple moving average is $19.10. The company has a market cap of $1.34 billion, a P/E ratio of -23.72 and a beta of 1.31. Alexander & Baldwin, Inc. has a 52-week low of $15.80 and a 52-week high of $20.83.

Alexander & Baldwin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Friday, June 16th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Thursday, June 15th. Alexander & Baldwin’s dividend payout ratio is currently -112.82%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Alexander & Baldwin in a research note on Thursday. They issued a “sell” rating on the stock.

Alexander & Baldwin Company Profile

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Alexander & Baldwin, Inc engages in real estate business. It operates through the following segments: Commercial Real Estate, Land Operations, and Materials and Construction. The Commercial Real Estate segment includes investments and acquisitions, construction and development, in-house leasing and property management, and asset management.