Strs Ohio Purchases New Position in Albertsons Companies, Inc. $ACI

Strs Ohio purchased a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 152,836 shares of the company’s stock, valued at approximately $3,288,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACI. GAMMA Investing LLC grew its holdings in shares of Albertsons Companies by 340.1% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock valued at $42,000 after purchasing an additional 1,483 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Albertsons Companies during the 1st quarter valued at approximately $1,420,000. New York State Teachers Retirement System bought a new stake in shares of Albertsons Companies during the 1st quarter valued at approximately $3,662,000. Vontobel Holding Ltd. bought a new stake in Albertsons Companies during the 1st quarter worth approximately $224,000. Finally, Teacher Retirement System of Texas bought a new stake in Albertsons Companies during the 1st quarter worth approximately $1,329,000. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Trading Down 1.4%

NYSE:ACI opened at $17.66 on Monday. The firm’s fifty day moving average is $18.44 and its 200-day moving average is $20.22. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.20 and a current ratio of 0.81. Albertsons Companies, Inc. has a 52 week low of $16.70 and a 52 week high of $23.20. The firm has a market cap of $9.70 billion, a P/E ratio of 10.45, a P/E/G ratio of 2.88 and a beta of 0.52.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders 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 is currently 35.50%.

Insiders Place Their Bets

In related 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 transaction of $4,427,500.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,935,000.00. Following the transaction, the executive vice president owned 338,429 shares in the company, valued at $6,548,601.15. The trade was a 22.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

ACI has been the topic of a number of research reports. Barclays initiated coverage on shares of Albertsons Companies in a report on Monday, July 21st. They set an “underweight” rating and a $19.00 target price on the stock. Royal Bank Of Canada reduced their target price 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. JPMorgan Chase & Co. reduced their target price on shares of Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Albertsons Companies from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a report on Wednesday, October 15th. Ten 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’s stock. According to data from MarketBeat, Albertsons Companies currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Albertsons Companies 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.