SuperValu Inc. (SVU) Stake Lifted by JPMorgan Chase & Co.
JPMorgan Chase & Co. lifted its position in SuperValu Inc. (NYSE:SVU) by 0.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,140,277 shares of the company’s stock after purchasing an additional 6,935 shares during the period. JPMorgan Chase & Co.’s holdings in SuperValu were worth $3,751,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of SVU. BlackRock Inc. grew its holdings in shares of SuperValu by 11,576.6% in the first quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock worth $159,258,000 after purchasing an additional 40,904,886 shares during the last quarter. UBS Oconnor LLC grew its holdings in shares of SuperValu by 323.4% in the first quarter. UBS Oconnor LLC now owns 9,222,644 shares of the company’s stock worth $35,599,000 after purchasing an additional 7,044,616 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of SuperValu by 59.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,769,774 shares of the company’s stock worth $9,113,000 after purchasing an additional 1,030,762 shares during the last quarter. Saba Capital Management L.P. bought a new position in shares of SuperValu in the first quarter worth approximately $3,277,000. Finally, OppenheimerFunds Inc. grew its holdings in shares of SuperValu by 32.5% in the first quarter. OppenheimerFunds Inc. now owns 2,886,730 shares of the company’s stock worth $11,143,000 after purchasing an additional 707,303 shares during the last quarter.
Shares of SuperValu Inc. (NYSE:SVU) opened at 21.74 on Monday. SuperValu Inc. has a 12-month low of $19.16 and a 12-month high of $38.43. The company has a market cap of $829.21 million, a PE ratio of 1.34 and a beta of 2.13. The company has a 50-day moving average of $20.90 and a 200 day moving average of $24.39.
SuperValu (NYSE:SVU) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.07). The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.91 billion. SuperValu had a net margin of 4.46% and a return on equity of 220.54%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $1.33 EPS. On average, equities research analysts expect that SuperValu Inc. will post $2.36 EPS for the current year.
Several brokerages have recently issued reports on SVU. Telsey Advisory Group cut their target price on shares of SuperValu from $38.50 to $31.50 and set a “market perform” rating on the stock in a report on Tuesday, June 27th. Pivotal Research restated a “buy” rating and issued a $38.50 target price on shares of SuperValu in a report on Wednesday, July 26th. ValuEngine upgraded shares of SuperValu from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Royal Bank Of Canada restated an “outperform” rating and issued a $42.00 target price on shares of SuperValu in a report on Wednesday, June 28th. Finally, Zacks Investment Research cut shares of SuperValu from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $32.67.
Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.
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