CKW Financial Group Has $337,000 Stake in Alexander & Baldwin, Inc. (NYSE:ALEX)

CKW Financial Group grew its holdings in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,976 shares of the financial services provider’s stock after purchasing an additional 2,191 shares during the period. CKW Financial Group’s holdings in Alexander & Baldwin were worth $337,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its stake in Alexander & Baldwin by 9.4% during the third quarter. State Street Corp now owns 4,228,089 shares of the financial services provider’s stock worth $82,033,000 after buying an additional 363,223 shares in the last quarter. Reinhart Partners LLC. boosted its position in shares of Alexander & Baldwin by 2.9% during the 3rd quarter. Reinhart Partners LLC. now owns 2,553,912 shares of the financial services provider’s stock worth $49,035,000 after acquiring an additional 72,240 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Alexander & Baldwin by 10.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,970,393 shares of the financial services provider’s stock valued at $37,832,000 after acquiring an additional 190,357 shares during the last quarter. Geode Capital Management LLC raised its position in Alexander & Baldwin by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,876,341 shares of the financial services provider’s stock valued at $36,032,000 after purchasing an additional 23,441 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Alexander & Baldwin by 3.1% during the third quarter. Victory Capital Management Inc. now owns 965,435 shares of the financial services provider’s stock worth $18,536,000 after purchasing an additional 29,006 shares during the last quarter. 91.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com lowered Alexander & Baldwin from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Piper Sandler reiterated an “overweight” rating and issued a $23.00 target price (up previously from $22.00) on shares of Alexander & Baldwin in a research report on Friday, October 25th. Finally, JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.50.

Alexander & Baldwin Price Performance

Shares of ALEX opened at $17.63 on Monday. The business has a 50-day simple moving average of $18.34 and a two-hundred day simple moving average of $18.78. Alexander & Baldwin, Inc. has a 12-month low of $15.53 and a 12-month high of $20.30. The stock has a market cap of $1.28 billion, a PE ratio of 28.43 and a beta of 1.29. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47.

Alexander & Baldwin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a dividend of $0.2225 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.89 annualized dividend and a yield of 5.05%. Alexander & Baldwin’s dividend payout ratio is presently 145.16%.

Alexander & Baldwin Company 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.