Mutual of America Capital Management LLC Acquires Shares of 208,737 Albertsons Companies, Inc. (NYSE:ACI)

Mutual of America Capital Management LLC acquired a new stake in Albertsons Companies, Inc. (NYSE:ACI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 208,737 shares of the company’s stock, valued at approximately $4,590,000.

Other hedge funds have also recently added to or reduced their stakes in the company. WealthCollab LLC grew its stake in Albertsons Companies by 446.0% in the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock valued at $35,000 after acquiring an additional 1,454 shares during the period. Bessemer Group Inc. purchased a new position in shares of Albertsons Companies during the first quarter valued at approximately $40,000. GAMMA Investing LLC boosted its position in shares of Albertsons Companies by 340.1% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock valued at $42,000 after buying an additional 1,483 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Albertsons Companies by 54.8% during the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company’s stock valued at $66,000 after buying an additional 1,061 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Albertsons Companies by 100.0% during the first quarter. Blue Trust Inc. now owns 3,370 shares of the company’s stock valued at $74,000 after buying an additional 1,685 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Insider Activity at Albertsons Companies

In other news, EVP Omer Gajial sold 47,303 shares of the company’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the transaction, the executive vice president owned 162,569 shares of the company’s stock, valued at $3,488,730.74. This represents a 22.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.35% of the stock is owned by corporate insiders.

Albertsons Companies Stock Performance

Shares of ACI opened at $19.71 on Friday. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. The stock’s fifty day moving average price is $21.01 and its two-hundred day moving average price is $21.21. The firm has a market cap of $11.03 billion, a PE ratio of 12.02, a PEG ratio of 2.03 and a beta of 0.46.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%. The firm had revenue of $24.88 billion for the quarter, compared to analysts’ expectations of $24.68 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies’s dividend payout ratio is currently 36.59%.

Analysts Set New Price Targets

Several research analysts recently issued reports on ACI shares. Tigress Financial reaffirmed a “buy” rating and set a $28.00 target price on shares of Albertsons Companies in a research report on Tuesday, July 8th. UBS Group raised Albertsons Companies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $22.00 to $27.00 in a research report on Tuesday, July 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a research report on Wednesday, July 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $23.00 target price on shares of Albertsons Companies in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their target price on Albertsons Companies from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.06.

Albertsons Companies Company Profile

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.