Strs Ohio Buys New Shares in Albertsons Companies, Inc. $ACI

Strs Ohio bought a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI) during the second quarter, Holdings Channel reports. The institutional investor bought 152,836 shares of the company’s stock, valued at approximately $3,288,000.

A number of other institutional investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Albertsons Companies in the 1st quarter worth $1,420,000. Atlas Capital Advisors Inc. raised its holdings in shares of Albertsons Companies by 241.6% in the first 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 last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Albertsons Companies in the first quarter valued at about $1,329,000. Zurich Insurance Group Ltd FI purchased a new stake in shares of Albertsons Companies in the first quarter valued at about $1,733,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of Albertsons Companies in the first quarter valued at about $3,662,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Price Performance

ACI opened at $17.66 on Monday. The firm has a market cap of $9.70 billion, a P/E ratio of 10.45, a PEG ratio of 2.88 and a beta of 0.52. The firm has a 50-day moving average of $18.44 and a 200 day moving average of $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 fifty-two week low of $16.70 and a fifty-two week high of $23.20.

Albertsons Companies Announces Dividend

The business also recently declared 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 is Friday, October 24th. This represents a $0.60 annualized dividend and a yield of 3.4%. Albertsons Companies’s dividend payout ratio is presently 35.50%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Albertsons Companies from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Albertsons Companies in a report on Thursday. Barclays assumed coverage on shares of Albertsons Companies in a report on Monday, July 21st. They issued an “underweight” rating and a $19.00 target price for the company. Finally, Royal Bank Of Canada lowered their target price on shares of Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Albertsons Companies presently has an average rating of “Moderate Buy” and an average price target of $23.50.

Insider Transactions at Albertsons Companies

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

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.