Albertsons Companies, Inc. $ACI Shares Purchased by Denali Advisors LLC

Denali Advisors LLC lifted its stake in Albertsons Companies, Inc. (NYSE:ACI) by 24.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 45,575 shares of the company’s stock after acquiring an additional 8,967 shares during the quarter. Denali Advisors LLC’s holdings in Albertsons Companies were worth $980,000 at the end of the most recent reporting period.

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

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 shares were sold at an average price of $19.25, for a total value of $4,427,500.00. Following the sale, the insider directly owned 300,577 shares of the company’s stock, valued at approximately $5,786,107.25. This represents a 43.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael T. Theilmann sold 100,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president directly owned 338,429 shares in the company, valued at approximately $6,548,601.15. This represents a 22.81% 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 Trading Up 1.2%

Shares of NYSE:ACI opened at $19.57 on Thursday. Albertsons Companies, Inc. has a 52 week low of $16.70 and a 52 week high of $23.20. The company’s 50 day moving average is $18.57 and its two-hundred day moving average is $20.37. 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 company has a market cap of $10.75 billion, a PE ratio of 11.58, a P/E/G ratio of 3.16 and a beta of 0.49.

Albertsons Companies Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, October 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.1%. Albertsons Companies’s dividend payout ratio is currently 35.50%.

Analyst Ratings Changes

Several equities analysts have recently commented on ACI shares. Weiss Ratings restated a “hold (c)” rating on shares of Albertsons Companies in a report on Wednesday, October 8th. Wells Fargo & Company cut their target price on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Bank of America cut their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. UBS Group cut their target price on shares of Albertsons Companies from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a research note on Wednesday, October 15th. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Albertsons Companies currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Albertsons Companies 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.