Andra AP fonden Has $8.90 Million Holdings in Albertsons Companies, Inc. $ACI

Andra AP fonden cut its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 51.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 413,900 shares of the company’s stock after selling 431,800 shares during the quarter. Andra AP fonden owned about 0.07% of Albertsons Companies worth $8,903,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ACI. West Oak Capital LLC bought a new position in Albertsons Companies during the second quarter worth about $30,000. SVB Wealth LLC acquired a new stake in shares of Albertsons Companies in the first quarter valued at approximately $32,000. GAMMA Investing LLC raised 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 acquiring an additional 1,483 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Albertsons Companies during the 2nd quarter worth about $43,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Albertsons Companies during the first quarter worth approximately $53,000. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Performance

ACI opened at $17.47 on Friday. The company has a market capitalization of $9.60 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 2.85 and a beta of 0.52. The business’s 50-day moving average price is $18.27 and its two-hundred day moving average price is $20.12. Albertsons Companies, Inc. has a 1 year low of $16.70 and a 1 year high of $23.20. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.81 and a quick ratio of 0.20.

Albertsons Companies Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, October 24th. This represents a $0.60 annualized dividend and a yield of 3.4%. Albertsons Companies’s payout ratio is presently 35.50%.

Insider Activity at Albertsons Companies

In other news, insider Anuj Dhanda sold 230,000 shares of the business’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 sale, the insider owned 300,577 shares of the company’s stock, valued at $5,786,107.25. The trade was a 43.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael T. Theilmann sold 100,000 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.35, for a total transaction of $1,935,000.00. Following the transaction, the executive vice president owned 338,429 shares of the company’s stock, valued at $6,548,601.15. The trade was a 22.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Royal Bank Of Canada decreased their price objective on Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Barclays started coverage on Albertsons Companies in a research report on Monday, July 21st. They set an “underweight” rating and a $19.00 target price for the company. Bank of America cut their price target on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Albertsons Companies in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.