Squarepoint Ops LLC boosted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI – Free Report) by 53.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,209,622 shares of the company’s stock after purchasing an additional 769,503 shares during the period. Squarepoint Ops LLC’s holdings in Albertsons Companies were worth $29,896,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in Albertsons Companies by 109.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,542,468 shares of the company’s stock valued at $33,919,000 after purchasing an additional 806,336 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Albertsons Companies in the 1st quarter valued at approximately $1,090,000. M&T Bank Corp lifted its holdings in shares of Albertsons Companies by 21.4% in the 2nd quarter. M&T Bank Corp now owns 14,364 shares of the company’s stock valued at $308,000 after buying an additional 2,528 shares during the period. First Trust Advisors LP boosted its stake in shares of Albertsons Companies by 39.3% in the second quarter. First Trust Advisors LP now owns 504,944 shares of the company’s stock valued at $10,861,000 after buying an additional 142,457 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Albertsons Companies by 5.4% in the second quarter. Bank of Nova Scotia now owns 14,041 shares of the company’s stock valued at $302,000 after buying an additional 723 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.
Albertsons Companies Stock Performance
Shares of NYSE ACI opened at $12.13 on Wednesday. The company has a 50-day simple moving average of $12.87 and a 200-day simple moving average of $15.17. The company has a debt-to-equity ratio of 5.22, a current ratio of 0.84 and a quick ratio of 0.21. The company has a market cap of $5.89 billion, a PE ratio of 151.69, a price-to-earnings-growth ratio of 2.14 and a beta of 0.37. Albertsons Companies, Inc. has a 12 month low of $10.86 and a 12 month high of $20.00.
Albertsons Companies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, July 24th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, July 24th. This represents a $0.68 annualized dividend and a yield of 5.6%. Albertsons Companies’s dividend payout ratio is currently 850.00%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on ACI. Royal Bank Of Canada reduced their target price on Albertsons Companies from $20.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Albertsons Companies in a report on Wednesday, August 26th. The Goldman Sachs Group reduced their price objective on shares of Albertsons Companies from $24.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, July 24th. JPMorgan Chase & Co. decreased their price objective on shares of Albertsons Companies from $20.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $11.00 target price (down from $17.00) on shares of Albertsons Companies in a report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Albertsons Companies presently has an average rating of “Hold” and a consensus price target of $15.31.
View Our Latest Research Report on ACI
Insider Transactions at Albertsons Companies
In other news, CEO Susan Morris bought 39,409 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was acquired at an average cost of $11.42 per share, for a total transaction of $450,050.78. Following the completion of the purchase, the chief executive officer owned 1,092,956 shares of the company’s stock, valued at $12,481,557.52. This trade represents a 3.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sharon Mccollam purchased 9,000 shares of Albertsons Companies stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average cost of $11.48 per share, with a total value of $103,320.00. Following the acquisition, the chief financial officer directly owned 567,051 shares of the company’s stock, valued at $6,509,745.48. The trade was a 1.61% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 218,909 shares of company stock worth $2,515,826 in the last three months. 1.18% of the stock is currently owned by company insiders.
Albertsons Companies Profile
Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.
Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.
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