Allianz Asset Management GmbH Has $18.40 Million Stock Holdings in Albertsons Companies, Inc. $ACI

Allianz Asset Management GmbH cut its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 10.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 855,328 shares of the company’s stock after selling 95,113 shares during the quarter. Allianz Asset Management GmbH’s holdings in Albertsons Companies were worth $18,398,000 at the end of the most recent quarter.

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

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 of the company’s stock, valued at approximately $5,786,107.25. The trade was a 43.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael T. Theilmann sold 100,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 338,429 shares in the company, 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. Insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

ACI has been the subject of a number of analyst reports. 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. Tigress Financial restated a “buy” rating and issued a $28.00 price objective on shares of Albertsons Companies in a research note on Tuesday, July 8th. UBS Group reduced their price objective on shares of Albertsons Companies from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, October 15th. Royal Bank Of Canada reduced their price objective on shares of Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Finally, Roth Capital restated a “buy” rating and issued a $24.00 price objective (up from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $23.50.

Albertsons Companies Trading Up 2.8%

Shares of ACI stock opened at $19.77 on Monday. Albertsons Companies, Inc. has a 1 year low of $16.70 and a 1 year high of $23.20. The firm’s fifty day simple moving average is $18.55 and its 200 day simple moving average is $20.40. The firm has a market capitalization 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 current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 2.25.

Albertsons Companies Dividend Announcement

The business also recently announced 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 35.50%.

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.