Albertsons Companies, Inc. $ACI Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 10.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 855,328 shares of the company’s stock after selling 95,113 shares during the period. Allianz Asset Management GmbH owned approximately 0.15% of Albertsons Companies worth $18,398,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ACI. West Oak Capital LLC acquired a new position in shares of Albertsons Companies in the 2nd quarter worth approximately $30,000. SVB Wealth LLC acquired a new position in shares of Albertsons Companies in the 1st quarter worth approximately $32,000. Bessemer Group Inc. acquired a new position in shares of Albertsons Companies in the 1st quarter worth approximately $40,000. GAMMA Investing LLC grew its stake 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 worth $42,000 after purchasing an additional 1,483 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of Albertsons Companies in the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michael T. Theilmann sold 100,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 338,429 shares of the company’s stock, valued at approximately $6,548,601.15. The trade was a 22.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Anuj Dhanda sold 230,000 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were 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. The trade was a 43.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ACI shares. Roth Capital reaffirmed a “buy” rating and issued a $24.00 price objective (up previously from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Tigress Financial reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Albertsons Companies in a research note on Tuesday, July 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of Albertsons Companies in a research note on Wednesday, October 15th. Zacks Research raised shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Albertsons Companies in a research note on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Albertsons Companies Stock Performance

Albertsons Companies stock opened at $19.77 on Monday. The firm’s 50 day simple moving average is $18.55 and its 200-day simple moving average is $20.40. The company has a market cap of $10.86 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 3.23 and a beta of 0.49. 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, Inc. has a fifty-two week low of $16.70 and a fifty-two week high of $23.20.

Albertsons Companies Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, October 24th. This represents a $0.60 dividend on an annualized basis and a yield of 3.0%. Albertsons Companies’s payout ratio is presently 35.50%.

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.