Mitsubishi UFJ Trust & Banking Corp Grows Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Mitsubishi UFJ Trust & Banking Corp grew its holdings in Albertsons Companies, Inc. (NYSE:ACIGet Rating) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,567 shares of the company’s stock after purchasing an additional 3,822 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Albertsons Companies were worth $5,145,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Royal Bank of Canada increased its stake in Albertsons Companies by 1.2% in the first quarter. Royal Bank of Canada now owns 56,578 shares of the company’s stock worth $1,881,000 after purchasing an additional 688 shares during the period. CENTRAL TRUST Co grew its position in shares of Albertsons Companies by 9.5% during the 1st quarter. CENTRAL TRUST Co now owns 8,635 shares of the company’s stock worth $287,000 after buying an additional 750 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Albertsons Companies by 5.8% during the 2nd quarter. New York State Teachers Retirement System now owns 14,500 shares of the company’s stock worth $387,000 after buying an additional 800 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Albertsons Companies by 9.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 10,120 shares of the company’s stock worth $337,000 after buying an additional 834 shares in the last quarter. Finally, Trail Ridge Investment Advisors LLC grew its position in shares of Albertsons Companies by 5.3% during the 2nd quarter. Trail Ridge Investment Advisors LLC now owns 18,906 shares of the company’s stock worth $505,000 after buying an additional 955 shares in the last quarter. Hedge funds and other institutional investors own 63.92% of the company’s stock.

Insider Transactions at Albertsons Companies

In other Albertsons Companies news, insider Realty Corp Kimco sold 11,500,000 shares of the business’s stock in a transaction on Friday, October 14th. The stock was sold at an average price of $26.18, for a total transaction of $301,070,000.00. Following the transaction, the insider now owns 28,338,105 shares of the company’s stock, valued at $741,891,588.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Albertsons Companies Trading Down 0.4 %

Shares of NYSE:ACI opened at $20.52 on Friday. Albertsons Companies, Inc. has a 52-week low of $20.05 and a 52-week high of $37.99. The stock has a market cap of $10.98 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 1.35 and a beta of 0.57. The company has a quick ratio of 0.55, a current ratio of 1.12 and a debt-to-equity ratio of 1.62. The business has a 50-day moving average price of $23.96 and a 200-day moving average price of $26.84.

Albertsons Companies (NYSE:ACIGet Rating) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.07. The firm had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.70 billion. Albertsons Companies had a return on equity of 53.49% and a net margin of 2.27%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.64 earnings per share. Equities analysts predict that Albertsons Companies, Inc. will post 2.86 EPS for the current year.

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, October 31st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, October 28th. Albertsons Companies’s dividend payout ratio is presently 16.22%.

Analysts Set New Price Targets

ACI has been the topic of a number of recent research reports. Citigroup dropped their price target on Albertsons Companies from $36.00 to $30.00 in a research report on Thursday, July 28th. UBS Group dropped their price objective on Albertsons Companies from $37.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 27th. TheStreet downgraded Albertsons Companies from a “b-” rating to a “c+” rating in a research report on Monday, November 14th. Telsey Advisory Group downgraded Albertsons Companies from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $37.00 to $27.25 in a research report on Wednesday, October 19th. Finally, BMO Capital Markets raised Albertsons Companies from an “underperform” rating to a “market perform” rating and lowered their price target for the stock from $24.00 to $21.00 in a report on Friday, October 21st. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.10.

About Albertsons Companies

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding ACI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Albertsons Companies, Inc. (NYSE:ACIGet Rating).

Institutional Ownership by Quarter for Albertsons Companies (NYSE:ACI)

Receive News & Ratings for Albertsons Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albertsons Companies and related companies with MarketBeat.com's FREE daily email newsletter.