Allspring Global Investments Holdings LLC decreased its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI – Get Rating) by 41.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,120 shares of the company’s stock after selling 17,541 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Albertsons Companies were worth $624,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Ronald Blue Trust Inc. increased its stake in shares of Albertsons Companies by 349.8% during the third quarter. Ronald Blue Trust Inc. now owns 1,309 shares of the company’s stock valued at $35,000 after purchasing an additional 1,018 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in shares of Albertsons Companies during the first quarter valued at approximately $77,000. MetLife Investment Management LLC purchased a new stake in shares of Albertsons Companies during the first quarter valued at approximately $108,000. Loomis Sayles & Co. L P grew its holdings in shares of Albertsons Companies by 4,714.9% during the second quarter. Loomis Sayles & Co. L P now owns 4,863 shares of the company’s stock valued at $130,000 after buying an additional 4,762 shares during the last quarter. Finally, Denali Advisors LLC grew its holdings in shares of Albertsons Companies by 26.5% during the second quarter. Denali Advisors LLC now owns 5,252 shares of the company’s stock valued at $140,000 after buying an additional 1,100 shares during the last quarter. Institutional investors own 65.58% of the company’s stock.
Wall Street Analyst Weigh In
ACI has been the topic of a number of recent analyst reports. Telsey Advisory Group cut shares of Albertsons Companies from an “outperform” rating to a “market perform” rating and cut their price target for the company from $37.00 to $27.25 in a report on Wednesday, October 19th. BMO Capital Markets upgraded shares of Albertsons Companies from an “underperform” rating to a “market perform” rating and cut their price target for the company from $24.00 to $21.00 in a report on Friday, October 21st. Wells Fargo & Company dropped their target price on shares of Albertsons Companies from $30.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Albertsons Companies from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Thursday, January 12th. Finally, Sanford C. Bernstein began coverage on shares of Albertsons Companies in a report on Tuesday, December 6th. They issued an “outperform” rating and a $26.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Albertsons Companies presently has a consensus rating of “Hold” and an average target price of $28.77.
Albertsons Companies Trading Up 0.1 %
Albertsons Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Thursday, January 26th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.28%. The ex-dividend date is Wednesday, January 25th. Albertsons Companies’s dividend payout ratio (DPR) is presently 19.83%.
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.
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