TD Asset Management Inc Has $717,000 Holdings in Albertsons Companies, Inc. $ACI

TD Asset Management Inc cut its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 13.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,324 shares of the company’s stock after selling 5,000 shares during the period. TD Asset Management Inc’s holdings in Albertsons Companies were worth $717,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACI. GAMMA Investing LLC raised its holdings in shares of Albertsons Companies by 340.1% in the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock valued at $42,000 after purchasing an additional 1,483 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Albertsons Companies by 93.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,245 shares of the company’s stock worth $3,502,000 after buying an additional 76,859 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Albertsons Companies during the first quarter worth $1,044,000. Blue Trust Inc. increased its holdings in Albertsons Companies by 100.0% during the first quarter. Blue Trust Inc. now owns 3,370 shares of the company’s stock worth $74,000 after buying an additional 1,685 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in Albertsons Companies during the first quarter worth $323,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ACI shares. Zacks Research raised shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Albertsons Companies in a research report on Wednesday, October 15th. JPMorgan Chase & Co. reduced their price objective on shares of Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their price objective on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Finally, Roth Capital reaffirmed a “buy” rating and set a $24.00 price objective (up from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.50.

Insider Buying and Selling

In other Albertsons Companies news, insider Anuj Dhanda sold 230,000 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 300,577 shares in the company, valued at approximately $5,786,107.25. This represents a 43.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael T. Theilmann sold 100,000 shares of the stock in a transaction that occurred 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 in the company, valued at $6,548,601.15. The trade was a 22.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by corporate insiders.

Albertsons Companies Stock Performance

NYSE:ACI opened at $19.57 on Thursday. The company has a market capitalization of $10.75 billion, a PE ratio of 11.58, a P/E/G ratio of 3.16 and a beta of 0.49. The company has a 50 day simple moving average of $18.57 and a two-hundred day simple moving average of $20.37. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, October 24th. Albertsons Companies’s dividend payout ratio is presently 35.50%.

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.