Teacher Retirement System of Texas Sells 3,247 Shares of Albertsons Companies, Inc. $ACI

Teacher Retirement System of Texas lowered its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 5.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 57,192 shares of the company’s stock after selling 3,247 shares during the period. Teacher Retirement System of Texas’ holdings in Albertsons Companies were worth $1,230,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ACI. GAMMA Investing LLC increased 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 worth $42,000 after buying an additional 1,483 shares during the period. Vontobel Holding Ltd. acquired a new stake in shares of Albertsons Companies during the first quarter worth $224,000. Principal Financial Group Inc. increased its position in shares of Albertsons Companies by 4,247.6% during the first quarter. Principal Financial Group Inc. now owns 933,693 shares of the company’s stock worth $20,532,000 after buying an additional 912,217 shares during the period. Bank of New York Mellon Corp increased its position in shares of Albertsons Companies by 35.1% during the first quarter. Bank of New York Mellon Corp now owns 4,573,260 shares of the company’s stock worth $100,566,000 after buying an additional 1,189,103 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Albertsons Companies by 1.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,234,226 shares of the company’s stock worth $26,398,000 after buying an additional 17,095 shares during the period. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Up 1.0%

Albertsons Companies stock opened at $17.49 on Thursday. Albertsons Companies, Inc. has a 1-year low of $16.70 and a 1-year high of $23.20. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52. The firm’s fifty day moving average price is $18.31 and its two-hundred day moving average price is $20.14. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 2.25.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, October 24th. Albertsons Companies’s dividend payout ratio (DPR) is 35.50%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ACI shares. Roth Capital reiterated a “buy” rating and set a $24.00 price objective (up from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Telsey Advisory Group reiterated an “outperform” rating and set a $24.00 price objective on shares of Albertsons Companies in a research report on Wednesday, October 15th. JPMorgan Chase & Co. decreased their price objective on shares of Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Bank of America decreased their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Finally, Tigress Financial increased their price objective on shares of Albertsons Companies from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

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.