Alico, Inc. (NASDAQ:ALCO) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Alico, Inc. (NASDAQ:ALCO) by 3.8% in the third quarter, Holdings Channel.com reports. The firm owned 19,185 shares of the company’s stock after purchasing an additional 700 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Alico were worth $537,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Empowered Funds LLC lifted its stake in shares of Alico by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 15,797 shares of the company’s stock valued at $442,000 after purchasing an additional 804 shares in the last quarter. Accordant Advisory Group Inc increased its holdings in Alico by 49.6% in the 3rd quarter. Accordant Advisory Group Inc now owns 24,657 shares of the company’s stock valued at $690,000 after purchasing an additional 8,176 shares in the last quarter. Bard Associates Inc. raised its position in Alico by 1.5% in the third quarter. Bard Associates Inc. now owns 54,684 shares of the company’s stock valued at $1,532,000 after purchasing an additional 806 shares during the period. Bank of New York Mellon Corp raised its position in Alico by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 60,233 shares of the company’s stock valued at $1,561,000 after purchasing an additional 846 shares during the period. Finally, Acuitas Investments LLC lifted its stake in shares of Alico by 19.3% during the second quarter. Acuitas Investments LLC now owns 88,513 shares of the company’s stock worth $2,293,000 after purchasing an additional 14,291 shares in the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Alico to a “sell” rating in a report on Thursday, August 29th.

Alico Stock Down 1.5 %

Shares of Alico stock opened at $25.85 on Thursday. Alico, Inc. has a 1-year low of $24.14 and a 1-year high of $30.75. The company has a market capitalization of $197.31 million, a PE ratio of 28.10 and a beta of 0.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 0.99. The business has a 50-day moving average of $26.10 and a 200-day moving average of $26.79.

Alico Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.20 annualized dividend and a yield of 0.77%. Alico’s dividend payout ratio is presently 21.74%.

Alico Profile

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.