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Alexander & Baldwin (NASDAQ:ALEX) CFO Paul K. Ito sold 4,586 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $40.96, for a total value of $187,842.56. Following the sale, the chief financial officer now directly owns 11,633 shares of the company’s stock, valued at approximately $476,488. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Compass Point reiterated a “buy” rating on shares of Alexander & Baldwin in a research note on Friday. They now have a $60.00 price target on the stock, up previously from $58.00. Finally, analysts at Wells Fargo & Co. upgraded shares of Alexander & Baldwin from an “underperform” rating to a “market perform” rating in a research note on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $51.50.

Shares of Alexander & Baldwin (NASDAQ:ALEX) traded up 0.22% during mid-day trading on Tuesday, hitting $41.00. The stock had a trading volume of 154,690 shares. Alexander & Baldwin has a one year low of $34.32 and a one year high of $45.16. The stock has a 50-day moving average of $39.83 and a 200-day moving average of $40.05. The company has a market cap of $1.999 billion and a price-to-earnings ratio of 28.21.

Alexander & Baldwin (NASDAQ:ALEX) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. On average, analysts predict that Alexander & Baldwin will post $1.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 4th. Investors of record on Monday, August 11th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Thursday, August 7th.

Matson, Inc (NASDAQ:ALEX) is a United States carrier in the Pacific.

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