3,787,200 Shares in Albertsons Companies, Inc. $ACI Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,787,200 shares of the company’s stock, valued at approximately $81,463,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.68% of Albertsons Companies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Albertsons Companies in the 1st quarter valued at approximately $1,420,000. Bessemer Group Inc. acquired a new position in shares of Albertsons Companies during the 1st quarter worth about $40,000. Atlas Capital Advisors Inc. boosted its stake in Albertsons Companies by 241.6% during the 1st quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company’s stock valued at $509,000 after purchasing an additional 16,375 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Albertsons Companies during the 1st quarter valued at approximately $323,000. Finally, Teacher Retirement System of Texas acquired a new stake in Albertsons Companies in the 1st quarter valued at approximately $1,329,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Stock Up 2.8%

Shares of NYSE ACI opened at $19.77 on Friday. Albertsons Companies, Inc. has a 52-week low of $16.70 and a 52-week high of $23.20. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.18 and a current ratio of 0.81. The business has a fifty day moving average of $18.55 and a two-hundred day moving average of $20.41. The stock has a market cap of $10.86 billion, a PE ratio of 11.70, a PEG ratio of 3.29 and a beta of 0.49.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be given a $0.15 dividend. The ex-dividend date is Friday, October 24th. This represents a $0.60 annualized dividend and a yield of 3.0%. Albertsons Companies’s payout ratio is presently 35.50%.

Insider Transactions at Albertsons Companies

In other Albertsons Companies news, insider Anuj Dhanda sold 230,000 shares of the firm’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $19.25, for a total value of $4,427,500.00. Following the completion of the sale, the insider 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael T. Theilmann sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $19.35, for a total transaction of $1,935,000.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. 1.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ACI. Weiss Ratings reissued a “hold (c)” rating on shares of Albertsons Companies in a research report on Wednesday, October 8th. UBS Group reduced their price target on shares of Albertsons Companies from $27.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday. Tigress Financial restated a “buy” rating and set a $28.00 price objective on shares of Albertsons Companies in a report on Tuesday, July 8th. JPMorgan Chase & Co. reduced their target price on shares of Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.