Vanguard Personalized Indexing Management LLC Boosts Holdings in Albertsons Companies, Inc. $ACI

Vanguard Personalized Indexing Management LLC raised its stake in Albertsons Companies, Inc. (NYSE:ACI) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,611 shares of the company’s stock after buying an additional 8,293 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Albertsons Companies were worth $1,325,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Aberdeen Group plc increased its holdings in shares of Albertsons Companies by 29.9% in the 2nd quarter. Aberdeen Group plc now owns 15,969 shares of the company’s stock worth $343,000 after buying an additional 3,677 shares during the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of Albertsons Companies by 27.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 149,300 shares of the company’s stock worth $3,211,000 after buying an additional 32,600 shares during the last quarter. Belpointe Asset Management LLC bought a new position in shares of Albertsons Companies in the 2nd quarter worth $210,000. Highland Capital Management LLC bought a new position in shares of Albertsons Companies in the 2nd quarter worth $264,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Albertsons Companies in the 2nd quarter worth $54,000. Institutional investors own 71.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada decreased their price target on shares of Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Wells Fargo & Company reduced their target price on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a report on Wednesday. Bank of America reduced their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, UBS Group reduced their target price on shares of Albertsons Companies from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Insiders Place Their Bets

In other Albertsons Companies news, 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 value of $1,935,000.00. Following the sale, the executive vice president owned 338,429 shares of the company’s stock, valued at $6,548,601.15. This trade represents a 22.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anuj Dhanda sold 230,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider directly owned 300,577 shares in the company, valued at approximately $5,786,107.25. This trade represents a 43.35% decrease in their position. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.

Albertsons Companies Price Performance

Shares of Albertsons Companies stock opened at $19.77 on Friday. The firm has a market cap of $10.86 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 3.21 and a beta of 0.49. Albertsons Companies, Inc. has a 12-month low of $16.70 and a 12-month high of $23.20. The company has a quick ratio of 0.18, a current ratio of 0.81 and a debt-to-equity ratio of 2.25. The company’s fifty day simple moving average is $18.55 and its two-hundred day simple moving average is $20.43.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $24.88 billion for the quarter, compared to analyst estimates of $24.68 billion. Albertsons Companies had a net margin of 1.20% and a return on equity of 36.39%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. As a group, equities analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 24th. Albertsons Companies’s dividend payout ratio (DPR) is 35.50%.

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.