Albertsons Companies, Inc. $ACI Shares Acquired by Tredje AP fonden

Tredje AP fonden increased its stake in Albertsons Companies, Inc. (NYSE:ACI) by 71.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,647 shares of the company’s stock after acquiring an additional 19,477 shares during the quarter. Tredje AP fonden’s holdings in Albertsons Companies were worth $1,003,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Versor Investments LP acquired a new position in shares of Albertsons Companies in the 2nd quarter worth $1,752,000. Savoir Faire Capital Management L.P. grew its holdings in shares of Albertsons Companies by 419.2% in the 2nd quarter. Savoir Faire Capital Management L.P. now owns 104,033 shares of the company’s stock worth $2,238,000 after acquiring an additional 83,996 shares during the last quarter. Strs Ohio acquired a new position in shares of Albertsons Companies in the 2nd quarter worth $3,288,000. Hantz Financial Services Inc. grew its holdings in shares of Albertsons Companies by 1,600.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,315 shares of the company’s stock worth $71,000 after acquiring an additional 3,120 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of Albertsons Companies by 25.0% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 18,363 shares of the company’s stock worth $395,000 after acquiring an additional 3,674 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ACI has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Albertsons Companies in a report on Thursday, October 30th. Roth Capital reiterated a “buy” rating and set a $24.00 price target (up previously from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. Wells Fargo & Company lowered their price target on Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Zacks Research upgraded Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Finally, JPMorgan Chase & Co. lowered their price target on Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.50.

Insiders Place Their Bets

In related news, EVP Michael T. Theilmann sold 100,000 shares of Albertsons Companies stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.35, for a total transaction of $1,935,000.00. Following the completion of the sale, the executive vice president owned 338,429 shares of the company’s stock, valued at approximately $6,548,601.15. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anuj Dhanda sold 230,000 shares of Albertsons Companies stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $19.25, for a total value of $4,427,500.00. Following the sale, the insider directly owned 300,577 shares of the company’s stock, valued at approximately $5,786,107.25. The trade was a 43.35% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.35% of the stock is currently owned by company insiders.

Albertsons Companies Price Performance

ACI opened at $17.56 on Tuesday. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 2.88 and a beta of 0.52. Albertsons Companies, Inc. has a 1 year low of $16.70 and a 1 year high of $23.20. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 2.25. The stock has a fifty day moving average price of $18.39 and a 200 day moving average price of $20.19.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $0.60 dividend on an annualized basis and a yield of 3.4%. Albertsons Companies’s dividend payout ratio (DPR) is presently 35.50%.

About Albertsons Companies

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.