Albertsons Companies, Inc. (NYSE:ACI) Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System boosted its position in Albertsons Companies, Inc. (NYSE:ACIFree Report) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 489,931 shares of the company’s stock after acquiring an additional 14,263 shares during the quarter. California State Teachers Retirement System owned 0.09% of Albertsons Companies worth $11,268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cornerstone Investment Partners LLC acquired a new position in shares of Albertsons Companies during the fourth quarter worth about $1,023,000. SG Americas Securities LLC lifted its stake in shares of Albertsons Companies by 1,569.5% during the fourth quarter. SG Americas Securities LLC now owns 267,443 shares of the company’s stock worth $6,151,000 after purchasing an additional 251,424 shares in the last quarter. Schechter Investment Advisors LLC lifted its stake in shares of Albertsons Companies by 7.1% during the fourth quarter. Schechter Investment Advisors LLC now owns 776,966 shares of the company’s stock worth $17,870,000 after purchasing an additional 51,590 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Albertsons Companies by 40.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,404,574 shares of the company’s stock worth $55,305,000 after purchasing an additional 692,188 shares in the last quarter. Finally, Dark Forest Capital Management LP lifted its stake in shares of Albertsons Companies by 466.2% during the third quarter. Dark Forest Capital Management LP now owns 96,926 shares of the company’s stock worth $2,205,000 after purchasing an additional 79,808 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Analyst Upgrades and Downgrades

ACI has been the topic of a number of recent research reports. Evercore ISI reduced their price objective on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Roth Capital raised Albertsons Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 23rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a research report on Tuesday, April 23rd. Royal Bank of Canada dropped their target price on Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 23rd. Finally, Roth Mkm raised Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.45.

Read Our Latest Research Report on ACI

Insider Activity at Albertsons Companies

In related news, CAO Robert Bruce Larson sold 24,362 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $20.24, for a total value of $493,086.88. Following the completion of the sale, the chief accounting officer now directly owns 50,241 shares of the company’s stock, valued at $1,016,877.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Robert Bruce Larson sold 24,362 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $20.24, for a total transaction of $493,086.88. Following the completion of the transaction, the chief accounting officer now directly owns 50,241 shares of the company’s stock, valued at $1,016,877.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anuj Dhanda sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $20.35, for a total value of $2,035,000.00. Following the transaction, the insider now directly owns 365,297 shares of the company’s stock, valued at $7,433,793.95. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Albertsons Companies Stock Down 1.0 %

Shares of NYSE ACI opened at $20.08 on Friday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.18 and a current ratio of 0.84. The firm has a market cap of $11.59 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 1.05 and a beta of 0.50. Albertsons Companies, Inc. has a 1 year low of $19.84 and a 1 year high of $23.88. The stock’s 50-day simple moving average is $20.59 and its 200-day simple moving average is $21.31.

Albertsons Companies (NYSE:ACIGet Free Report) last announced its quarterly earnings data on Monday, April 22nd. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $18.34 billion during the quarter, compared to analyst estimates of $18.40 billion. Albertsons Companies had a return on equity of 68.02% and a net margin of 1.64%. As a group, equities analysts anticipate that Albertsons Companies, Inc. will post 2.42 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.39%. The ex-dividend date was Thursday, April 25th. Albertsons Companies’s dividend payout ratio is currently 21.52%.

Albertsons Companies Company Profile

(Free Report)

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.

Further Reading

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

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