Albertsons Companies, Inc. $ACI Shares Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC grew its position in Albertsons Companies, Inc. (NYSE:ACI) by 31.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,140 shares of the company’s stock after purchasing an additional 1,970 shares during the period. FNY Investment Advisers LLC’s holdings in Albertsons Companies were worth $175,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Beverly Hills Private Wealth LLC lifted its stake in shares of Albertsons Companies by 5.9% in the 2nd 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 in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Albertsons Companies during the 2nd quarter worth approximately $81,463,000. Foster & Motley Inc. lifted its position in Albertsons Companies by 23.8% during the 2nd quarter. Foster & Motley Inc. now owns 18,074 shares of the company’s stock worth $389,000 after acquiring an additional 3,470 shares in the last quarter. New York State Teachers Retirement System lifted its position in Albertsons Companies by 9.4% during the 2nd quarter. New York State Teachers Retirement System now owns 182,112 shares of the company’s stock worth $3,917,000 after acquiring an additional 15,601 shares in the last quarter. Finally, Mutual Advisors LLC acquired a new position in Albertsons Companies during the 2nd quarter worth approximately $371,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Michael T. Theilmann sold 100,000 shares of the business’s 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 completion of the sale, the executive vice president directly owned 338,429 shares in the company, valued at approximately $6,548,601.15. The trade was a 22.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anuj Dhanda sold 230,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,786,107.25. This trade represents a 43.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Albertsons Companies Stock Performance

Shares of ACI opened at $19.57 on Thursday. The business’s 50 day moving average is $18.57 and its two-hundred day moving average is $20.37. Albertsons Companies, Inc. has a 52-week low of $16.70 and a 52-week high of $23.20. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 3.16 and a beta of 0.49. 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wells Fargo & Company reduced their price target on Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Zacks Research raised Albertsons Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Tigress Financial boosted their price target on Albertsons Companies from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America reduced their price target on Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada reduced their price target on Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Ten 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.com, Albertsons Companies has a consensus rating of “Moderate Buy” and an average price target of $23.50.

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.