Illinois Municipal Retirement Fund Buys 108,328 Shares of Albertsons Companies, Inc. $ACI

Illinois Municipal Retirement Fund raised its stake in Albertsons Companies, Inc. (NYSE:ACI) by 92.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 224,935 shares of the company’s stock after purchasing an additional 108,328 shares during the period. Illinois Municipal Retirement Fund’s holdings in Albertsons Companies were worth $4,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ACI. Vanguard Group Inc. boosted its holdings in shares of Albertsons Companies by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 37,374,669 shares of the company’s stock valued at $821,869,000 after buying an additional 1,064,547 shares in the last quarter. LSV Asset Management lifted its position in Albertsons Companies by 52.9% during the first quarter. LSV Asset Management now owns 7,873,039 shares of the company’s stock valued at $173,128,000 after acquiring an additional 2,724,576 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Albertsons Companies by 17.8% in the first quarter. Dimensional Fund Advisors LP now owns 5,462,715 shares of the company’s stock valued at $120,102,000 after acquiring an additional 825,983 shares in the last quarter. AQR Capital Management LLC grew its holdings in Albertsons Companies by 1,601.1% in the first quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company’s stock worth $103,807,000 after purchasing an additional 4,451,250 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Albertsons Companies by 39.2% during the first quarter. Northern Trust Corp now owns 3,879,681 shares of the company’s stock worth $85,314,000 after purchasing an additional 1,093,174 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Albertsons Companies

In other Albertsons Companies news, insider Anuj Dhanda sold 230,000 shares of the stock in a transaction that occurred 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 transaction, the insider owned 300,577 shares of the company’s stock, valued at $5,786,107.25. This represents a 43.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael T. Theilmann sold 100,000 shares of the firm’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 value of $1,935,000.00. Following the completion of the transaction, the executive vice president owned 338,429 shares in the company, valued at approximately $6,548,601.15. This trade represents a 22.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is currently owned by insiders.

Albertsons Companies Stock Up 0.2%

ACI stock opened at $17.85 on Thursday. Albertsons Companies, Inc. has a one year low of $16.70 and a one year high of $23.20. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.20 and a current ratio of 0.81. The firm has a market cap of $9.80 billion, a PE ratio of 10.56, a P/E/G ratio of 2.90 and a beta of 0.52. The firm’s fifty day moving average is $18.14 and its 200 day moving average is $19.98.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $0.60 dividend on an annualized basis and a yield of 3.4%. Albertsons Companies’s dividend payout ratio (DPR) is currently 35.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Tigress Financial increased their price target on Albertsons Companies from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Telsey Advisory Group restated an “outperform” rating and set a $24.00 price target on shares of Albertsons Companies in a research note on Wednesday, October 15th. Roth Capital reaffirmed a “buy” rating and issued a $24.00 price target (up previously from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. Royal Bank Of Canada dropped their price objective 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Albertsons Companies in a research note on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.43.

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.