Goldman Sachs Group Inc. Reduces Stock Position in Alexander & Baldwin Holdings, Inc. $ALEX

Goldman Sachs Group Inc. lessened its position in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 15.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 428,264 shares of the financial services provider’s stock after selling 78,338 shares during the quarter. Goldman Sachs Group Inc. owned 0.59% of Alexander & Baldwin worth $7,379,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ALEX. Jones Financial Companies Lllp purchased a new stake in Alexander & Baldwin during the 1st quarter valued at about $41,000. Quarry LP grew its stake in Alexander & Baldwin by 32.3% during the 1st quarter. Quarry LP now owns 4,264 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,042 shares during the last quarter. US Bancorp DE grew its stake in Alexander & Baldwin by 468.6% during the 1st quarter. US Bancorp DE now owns 6,795 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 5,600 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Alexander & Baldwin in the first quarter worth about $191,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Alexander & Baldwin in the fourth quarter worth about $209,000. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Alexander & Baldwin Stock Performance

NYSE ALEX opened at $18.44 on Friday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.69 and a beta of 1.07. Alexander & Baldwin Holdings, Inc. has a twelve month low of $15.70 and a twelve month high of $20.11. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average of $18.40 and a 200 day moving average of $17.78.

Alexander & Baldwin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 12th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. Alexander & Baldwin’s dividend payout ratio is presently 84.11%.

Alexander & Baldwin Profile

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.