Bleakley Financial Group LLC Has $3.36 Million Stake in Albertsons Companies, Inc. $ACI

Bleakley Financial Group LLC raised its stake in Albertsons Companies, Inc. (NYSE:ACI) by 780.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 156,109 shares of the company’s stock after purchasing an additional 138,381 shares during the quarter. Bleakley Financial Group LLC’s holdings in Albertsons Companies were worth $3,358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of ACI. Forum Financial Management LP grew its holdings in Albertsons Companies by 9.5% during the second quarter. Forum Financial Management LP now owns 13,101 shares of the company’s stock worth $282,000 after buying an additional 1,137 shares in the last quarter. Ethic Inc. boosted its holdings in Albertsons Companies by 8.7% during the 2nd quarter. Ethic Inc. now owns 53,455 shares of the company’s stock worth $1,133,000 after acquiring an additional 4,276 shares during the last quarter. Denali Advisors LLC grew its stake in shares of Albertsons Companies by 24.5% in the 2nd quarter. Denali Advisors LLC now owns 45,575 shares of the company’s stock worth $980,000 after acquiring an additional 8,967 shares in the last quarter. FNY Investment Advisers LLC grew its stake in shares of Albertsons Companies by 31.9% in the 2nd quarter. FNY Investment Advisers LLC now owns 8,140 shares of the company’s stock worth $175,000 after acquiring an additional 1,970 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC raised its holdings in shares of Albertsons Companies by 5.9% in the second quarter. Beverly Hills Private Wealth LLC now owns 208,586 shares of the company’s stock valued at $4,487,000 after purchasing an additional 11,706 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of Albertsons Companies from a “buy” rating to a “hold” rating in a report on Monday, September 15th. Telsey Advisory Group restated an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a research note on Wednesday, October 15th. Roth Capital reaffirmed a “buy” rating and issued a $24.00 target price (up from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. Bank of America decreased their price target on Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Finally, Zacks Research raised Albertsons Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Albertsons Companies Price Performance

Shares of NYSE ACI opened at $19.22 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 2.25. The stock has a fifty day simple moving average of $18.57 and a two-hundred day simple moving average of $20.35. Albertsons Companies, Inc. has a 1-year low of $16.70 and a 1-year high of $23.20. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 3.20 and a beta of 0.49.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders 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 annualized dividend and a dividend yield of 3.1%. Albertsons Companies’s dividend payout ratio is presently 35.50%.

Insider Activity

In other Albertsons Companies news, EVP Michael T. Theilmann sold 100,000 shares of the stock in a transaction dated Thursday, October 16th. The shares were 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 $6,548,601.15. This trade represents a 22.81% 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, insider Anuj Dhanda sold 230,000 shares of Albertsons Companies stock in a transaction dated Thursday, October 16th. The stock was 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 of the company’s stock, valued at $5,786,107.25. The trade was a 43.35% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.

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.