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 value of $11,879.00. Following the sale, the vice president now owns 148,467 shares in the company, valued at $2,519,484.99. The trade was a 0.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Alexander & Baldwin Trading Down 1.5 %

Shares of Alexander & Baldwin stock opened at $17.05 on Monday. The stock has a market capitalization of $1.24 billion, a P/E ratio of 27.50 and a beta of 1.29. Alexander & Baldwin, Inc. has a 52-week low of $15.53 and a 52-week 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’s 50-day simple moving average is $18.72 and its 200 day simple moving average is $18.73.

Alexander & Baldwin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a $0.2225 dividend. This represents a $0.89 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend was Friday, December 20th. Alexander & Baldwin’s dividend payout ratio (DPR) is currently 145.16%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ALEX. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Alexander & Baldwin by 19.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 572 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Alexander & Baldwin by 5.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,732 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 683 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Alexander & Baldwin by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 727 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Alexander & Baldwin by 103.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 759 shares in the last quarter. Finally, CKW Financial Group boosted its stake in Alexander & Baldwin by 5.8% in the 3rd quarter. CKW Financial Group now owns 16,785 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 924 shares during the period. 91.29% of the stock is owned by institutional investors.

About Alexander & Baldwin

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.