Dimensional Fund Advisors LP Has $29.56 Million Stake in Alexander & Baldwin Inc (ALEX)
Dimensional Fund Advisors LP reduced its position in Alexander & Baldwin Inc (NYSE:ALEX) by 22.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,608,322 shares of the financial services provider’s stock after selling 458,123 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Alexander & Baldwin were worth $29,562,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Alexander & Baldwin by 3.0% in the third quarter. Vanguard Group Inc. now owns 9,871,565 shares of the financial services provider’s stock valued at $223,986,000 after acquiring an additional 283,863 shares during the period. Vanguard Group Inc boosted its position in shares of Alexander & Baldwin by 3.0% in the third quarter. Vanguard Group Inc now owns 9,871,565 shares of the financial services provider’s stock valued at $223,986,000 after acquiring an additional 283,863 shares during the period. BlackRock Inc. boosted its position in shares of Alexander & Baldwin by 3.2% in the fourth quarter. BlackRock Inc. now owns 7,931,586 shares of the financial services provider’s stock valued at $145,784,000 after acquiring an additional 245,845 shares during the period. FMR LLC bought a new position in shares of Alexander & Baldwin in the third quarter valued at approximately $39,087,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Alexander & Baldwin by 20.5% in the third quarter. JPMorgan Chase & Co. now owns 555,582 shares of the financial services provider’s stock valued at $12,606,000 after acquiring an additional 94,614 shares during the period. Institutional investors own 79.40% of the company’s stock.
Separately, TheStreet raised shares of Alexander & Baldwin from a “d+” rating to a “c-” rating in a research note on Tuesday, January 29th.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were paid a $0.145 dividend. This is an increase from Alexander & Baldwin’s previous quarterly dividend of $0.07. This represents a $0.58 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Friday, March 8th.
In related news, Director Stanley M. Kuriyama sold 6,300 shares of the firm’s stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $22.00, for a total value of $138,600.00. Following the sale, the director now directly owns 343,439 shares of the company’s stock, valued at $7,555,658. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 18,900 shares of company stock worth $441,315 over the last ninety days. 6.40% of the stock is currently owned by insiders.
TRADEMARK VIOLATION WARNING: This piece of content was first published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/dimensional-fund-advisors-lp-has-29-56-million-stake-in-alexander-baldwin-inc-alex/2952174.html.
Alexander & Baldwin Company Profile
Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. A&B is a fully integrated real estate investment trust and owns, operates and manages approximately 3.5 million square feet of primarily retail and industrial space in Hawai`i, and is a major landowner in the state.
Recommended Story: What is Blockchain?
Want to see what other hedge funds are holding ALEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexander & Baldwin Inc (NYSE:ALEX).
Receive News & Ratings for Alexander & Baldwin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexander & Baldwin and related companies with MarketBeat.com's FREE daily email newsletter.