Rehmann Capital Advisory Group Sells 1,489 Shares of Albertsons Companies, Inc. $ACI

Rehmann Capital Advisory Group cut its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 3.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 38,855 shares of the company’s stock after selling 1,489 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Albertsons Companies were worth $836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Peddock Capital Advisors LLC lifted its position in Albertsons Companies by 1.9% during the second quarter. Peddock Capital Advisors LLC now owns 26,567 shares of the company’s stock worth $571,000 after acquiring an additional 504 shares during the last quarter. Mason Investment Advisory Services Inc. lifted its position in Albertsons Companies by 0.7% during the first quarter. Mason Investment Advisory Services Inc. now owns 78,062 shares of the company’s stock worth $1,717,000 after acquiring an additional 568 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in Albertsons Companies by 0.8% during the second quarter. Verdence Capital Advisors LLC now owns 83,260 shares of the company’s stock worth $1,791,000 after acquiring an additional 623 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Albertsons Companies by 20.9% during the second quarter. Fifth Third Bancorp now owns 3,624 shares of the company’s stock worth $78,000 after buying an additional 627 shares during the last quarter. Finally, Applied Finance Capital Management LLC grew its stake in shares of Albertsons Companies by 5.0% during the first quarter. Applied Finance Capital Management LLC now owns 14,517 shares of the company’s stock worth $319,000 after buying an additional 685 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Albertsons Companies

In other Albertsons Companies news, EVP Michael T. Theilmann sold 100,000 shares of the business’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 completion of the sale, the executive vice president directly owned 338,429 shares of the company’s stock, valued at $6,548,601.15. The trade was a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anuj Dhanda sold 230,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider owned 300,577 shares in the company, valued at $5,786,107.25. The trade was a 43.35% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. UBS Group decreased their target price on shares of Albertsons Companies from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Royal Bank Of Canada decreased their target price on shares of Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a research report on Wednesday, October 15th. Wells Fargo & Company lowered their price objective on Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Finally, Zacks Research raised shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.50.

Albertsons Companies Trading Up 1.2%

Shares of ACI stock opened at $19.57 on Thursday. Albertsons Companies, Inc. has a 12-month low of $16.70 and a 12-month high of $23.20. The firm has a market cap of $10.75 billion, a P/E ratio of 11.58, a PEG ratio of 3.16 and a beta of 0.49. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 2.25. The company has a 50 day moving average of $18.57 and a 200-day moving average of $20.37.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, October 24th. Albertsons Companies’s payout ratio is currently 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.