Asset Management One Co. Ltd. Reduces Stake in Albertsons Companies, Inc. $ACI

Asset Management One Co. Ltd. decreased its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 10.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 216,144 shares of the company’s stock after selling 25,583 shares during the period. Asset Management One Co. Ltd.’s holdings in Albertsons Companies were worth $4,649,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. West Oak Capital LLC purchased a new stake in Albertsons Companies during the 2nd quarter worth about $30,000. SVB Wealth LLC purchased a new stake in shares of Albertsons Companies in the 1st quarter valued at about $32,000. Bessemer Group Inc. purchased a new stake in shares of Albertsons Companies in the 1st quarter valued at about $40,000. GAMMA Investing LLC raised its holdings in shares of Albertsons Companies by 340.1% in the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock valued at $42,000 after acquiring an additional 1,483 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in shares of Albertsons Companies in the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Price Performance

Shares of Albertsons Companies stock opened at $18.48 on Wednesday. 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 firm has a market capitalization of $10.15 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 3.06 and a beta of 0.49. The business’s 50-day moving average price is $18.53 and its 200-day moving average price is $20.29. Albertsons Companies, Inc. has a 12 month low of $16.70 and a 12 month high of $23.20.

Albertsons Companies Announces Dividend

The business also recently declared 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. This represents a $0.60 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, October 24th. Albertsons Companies’s dividend payout ratio (DPR) is presently 35.50%.

Insider Activity at Albertsons Companies

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $24.00 price target on shares of Albertsons Companies in a report on Wednesday, October 15th. Wall Street Zen raised Albertsons Companies from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada lowered their price target on Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Roth Capital reaffirmed a “buy” rating and issued a $24.00 price target (up previously from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. Finally, Zacks Research upgraded Albertsons Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Albertsons Companies presently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

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.