Asset Management One Co. Ltd. Sells 25,583 Shares of Albertsons Companies, Inc. $ACI

Asset Management One Co. Ltd. reduced its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 10.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 216,144 shares of the company’s stock after selling 25,583 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Albertsons Companies were worth $4,649,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ACI. AQR Capital Management LLC grew its position in shares of Albertsons Companies by 1,601.1% in the 1st quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company’s stock worth $103,807,000 after buying an additional 4,451,250 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Albertsons Companies in the 2nd quarter worth approximately $81,463,000. Voya Investment Management LLC grew its position in shares of Albertsons Companies by 6,541.5% in the 1st quarter. Voya Investment Management LLC now owns 3,723,616 shares of the company’s stock worth $81,882,000 after buying an additional 3,667,550 shares during the last quarter. LSV Asset Management grew its position in shares of Albertsons Companies by 52.9% in the 1st quarter. LSV Asset Management now owns 7,873,039 shares of the company’s stock worth $173,128,000 after buying an additional 2,724,576 shares during the last quarter. Finally, Apollo Management Holdings L.P. grew its position in shares of Albertsons Companies by 174.1% in the 1st quarter. Apollo Management Holdings L.P. now owns 2,930,000 shares of the company’s stock worth $64,431,000 after buying an additional 1,861,000 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ACI shares. JPMorgan Chase & Co. cut their price objective on Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Barclays started coverage on Albertsons Companies in a research report on Monday, July 21st. They issued an “underweight” rating and a $19.00 price objective on the stock. Roth Capital restated a “buy” rating and issued a $24.00 target price (up previously from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Weiss Ratings restated a “hold (c)” rating on shares of Albertsons Companies in a research note on Wednesday, October 8th. Finally, Tigress Financial raised their target price on Albertsons Companies from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, October 20th. 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.com, Albertsons Companies currently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Insiders Place Their Bets

In other Albertsons Companies news, EVP Michael T. Theilmann sold 100,000 shares of Albertsons Companies 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 completion of the transaction, the executive vice president owned 338,429 shares in the company, valued at approximately $6,548,601.15. The trade was a 22.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anuj Dhanda sold 230,000 shares of Albertsons Companies stock in a transaction on 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 transaction, the insider owned 300,577 shares of the company’s stock, valued at $5,786,107.25. The trade was a 43.35% decrease in their position. The SEC filing for this sale provides additional information. 1.35% of the stock is currently owned by insiders.

Albertsons Companies Trading Down 1.6%

ACI opened at $18.48 on Wednesday. The stock has a market cap of $10.15 billion, a PE ratio of 10.93, a PEG ratio of 3.06 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 business has a 50 day moving average of $18.53 and a 200-day moving average of $20.29. Albertsons Companies, Inc. has a 52 week low of $16.70 and a 52 week high of $23.20.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, October 24th. This represents a $0.60 dividend on an annualized basis and a yield of 3.2%. Albertsons Companies’s payout ratio is presently 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.