Albertsons Companies, Inc. $ACI Shares Sold by Credit Industriel ET Commercial

Credit Industriel ET Commercial decreased its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 33.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,000 shares of the company’s stock after selling 5,000 shares during the quarter. Credit Industriel ET Commercial’s holdings in Albertsons Companies were worth $215,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Tredje AP fonden lifted its holdings in shares of Albertsons Companies by 71.7% in the 2nd quarter. Tredje AP fonden now owns 46,647 shares of the company’s stock worth $1,003,000 after acquiring an additional 19,477 shares during the last quarter. Atlas Capital Advisors Inc. increased its holdings in Albertsons Companies by 241.6% in 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 last quarter. Teacher Retirement System of Texas purchased a new stake in Albertsons Companies in the first quarter valued at approximately $1,329,000. Zurich Insurance Group Ltd FI acquired a new position in Albertsons Companies during the first quarter worth $1,733,000. Finally, Korea Investment CORP lifted its stake in Albertsons Companies by 225.6% during the first quarter. Korea Investment CORP now owns 804,315 shares of the company’s stock worth $17,687,000 after purchasing an additional 557,255 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen downgraded Albertsons Companies from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. JPMorgan Chase & Co. dropped their target price on Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Barclays started coverage on shares of Albertsons Companies in a research report on Monday, July 21st. They set an “underweight” rating and a $19.00 price target on the stock. Zacks Research upgraded shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Albertsons Companies in a research note on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Insiders Place Their Bets

In related news, EVP Michael T. Theilmann sold 100,000 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.35, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Anuj Dhanda sold 230,000 shares of the firm’s 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 completion of the sale, the insider owned 300,577 shares in the company, valued at approximately $5,786,107.25. This represents a 43.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.35% of the company’s stock.

Albertsons Companies Stock Up 1.4%

Shares of Albertsons Companies stock opened at $17.73 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 2.25. Albertsons Companies, Inc. has a 52-week low of $16.70 and a 52-week high of $23.20. The company has a market capitalization of $9.74 billion, a P/E ratio of 10.49, a P/E/G ratio of 2.85 and a beta of 0.52. The company has a 50 day moving average of $18.24 and a 200 day moving average of $20.09.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, October 24th. 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.