Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in Albertsons Companies, Inc. (NYSE:ACIGet Rating) by 4.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 302,717 shares of the company’s stock after selling 12,715 shares during the quarter. California Public Employees Retirement System’s holdings in Albertsons Companies were worth $8,089,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ACI. Rosenberg Matthew Hamilton grew its position in Albertsons Companies by 265.4% in the second quarter. Rosenberg Matthew Hamilton now owns 1,933 shares of the company’s stock worth $53,000 after buying an additional 1,404 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in Albertsons Companies during the 1st quarter worth approximately $77,000. MetLife Investment Management LLC purchased a new position in Albertsons Companies during the 1st quarter worth approximately $108,000. Loomis Sayles & Co. L P grew its position in Albertsons Companies by 4,714.9% during the 2nd quarter. Loomis Sayles & Co. L P now owns 4,863 shares of the company’s stock worth $130,000 after purchasing an additional 4,762 shares in the last quarter. Finally, Denali Advisors LLC grew its position in Albertsons Companies by 26.5% during the 2nd quarter. Denali Advisors LLC now owns 5,252 shares of the company’s stock worth $140,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 63.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ACI. Telsey Advisory Group cut shares of Albertsons Companies from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $37.00 to $27.25 in a research report on Wednesday, October 19th. BMO Capital Markets upgraded shares of Albertsons Companies from an “underperform” rating to a “market perform” rating and lowered their price objective for the stock from $24.00 to $21.00 in a research report on Friday, October 21st. Morgan Stanley lowered their price objective on shares of Albertsons Companies from $30.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Monday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of Albertsons Companies from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $37.00 to $27.00 in a research report on Thursday, October 20th. Finally, Citigroup lowered their price target on shares of Albertsons Companies from $36.00 to $30.00 in a report on Thursday, July 28th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Albertsons Companies presently has an average rating of “Hold” and a consensus target price of $30.10.

Albertsons Companies Stock Down 0.5 %

ACI stock opened at $20.44 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Albertsons Companies, Inc. has a 1 year low of $20.05 and a 1 year high of $37.99. The company has a fifty day simple moving average of $23.45 and a 200 day simple moving average of $26.59. The firm has a market cap of $10.94 billion, a PE ratio of 6.91, a PEG ratio of 1.33 and a beta of 0.57.

Albertsons Companies (NYSE:ACIGet Rating) last released its quarterly earnings data on Tuesday, October 18th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. Albertsons Companies had a net margin of 2.27% and a return on equity of 53.49%. The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.70 billion. During the same quarter in the previous year, the business earned $0.64 EPS. Albertsons Companies’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Albertsons Companies, Inc. will post 2.86 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, October 31st were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Friday, October 28th. Albertsons Companies’s dividend payout ratio is 16.22%.

Insiders Place Their Bets

In other Albertsons Companies news, insider Realty Corp Kimco sold 11,500,000 shares of the business’s stock in a transaction on Friday, October 14th. The shares were sold at an average price of $26.18, for a total transaction of $301,070,000.00. Following the completion of the transaction, the insider now owns 28,338,105 shares of the company’s stock, valued at approximately $741,891,588.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Albertsons Companies Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Albertsons Companies (NYSE:ACI)

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