State of New Jersey Common Pension Fund D Grows Stake in Albertsons Companies, Inc. $ACI

State of New Jersey Common Pension Fund D lifted its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,833 shares of the company’s stock after purchasing an additional 1,410 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Albertsons Companies were worth $2,384,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. West Oak Capital LLC purchased a new stake in shares of Albertsons Companies during the second quarter worth about $30,000. SVB Wealth LLC purchased a new stake in shares of Albertsons Companies during the first quarter worth about $32,000. Bessemer Group Inc. purchased a new stake in shares of Albertsons Companies during the first quarter worth about $40,000. GAMMA Investing LLC increased its stake in shares of Albertsons Companies by 340.1% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock worth $42,000 after purchasing an additional 1,483 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in shares of Albertsons Companies during the second quarter worth about $43,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Performance

NYSE:ACI opened at $18.48 on Wednesday. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.81 and a quick ratio of 0.20. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 3.06 and a beta of 0.49. The company’s 50-day moving average is $18.53 and its two-hundred day moving average is $20.29. Albertsons Companies, Inc. has a 1-year low of $16.70 and a 1-year high of $23.20.

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, October 24th. Albertsons Companies’s payout ratio is presently 35.50%.

Analysts Set New Price Targets

A number of analysts have recently commented on ACI shares. Zacks Research raised shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Tigress Financial boosted their price target on shares of Albertsons Companies from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Wall Street Zen upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company lowered their price target on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Finally, Bank of America lowered their price target on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Insider Activity

In other Albertsons Companies news, insider Anuj Dhanda sold 230,000 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 300,577 shares in the company, valued at $5,786,107.25. The trade was a 43.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael T. Theilmann sold 100,000 shares of the business’s 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. The trade was a 22.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.35% of the company’s stock.

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.