Foster & Motley Inc. Raises Position in Albertsons Companies, Inc. $ACI

Foster & Motley Inc. increased its position in Albertsons Companies, Inc. (NYSE:ACI) by 23.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,074 shares of the company’s stock after buying an additional 3,470 shares during the quarter. Foster & Motley Inc.’s holdings in Albertsons Companies were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. West Oak Capital LLC purchased a new position in shares of Albertsons Companies in the 2nd quarter worth $30,000. SVB Wealth LLC purchased a new position in shares of Albertsons Companies in the 1st quarter worth $32,000. Bessemer Group Inc. purchased a new position in shares of Albertsons Companies in the 1st quarter worth $40,000. GAMMA Investing LLC raised its position 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 buying an additional 1,483 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in shares of Albertsons Companies in the 2nd quarter worth $43,000. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Stock Up 2.8%

Shares of NYSE ACI opened at $19.77 on Monday. Albertsons Companies, Inc. has a 12-month low of $16.70 and a 12-month high of $23.20. The company has a market cap of $10.86 billion, a P/E ratio of 11.70, a P/E/G ratio of 3.23 and a beta of 0.49. 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 stock has a fifty day moving average price of $18.55 and a 200 day moving average price of $20.40.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, October 24th. Albertsons Companies’s dividend payout ratio is currently 35.50%.

Analysts Set New Price Targets

ACI has been the topic of several research reports. Wall Street Zen lowered Albertsons Companies from a “buy” rating to a “hold” rating in a research report on Monday, September 15th. Bank of America cut their target price 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. Roth Capital reaffirmed a “buy” rating and issued a $24.00 target price (up from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Tigress Financial reaffirmed a “buy” rating and issued a $28.00 target price on shares of Albertsons Companies in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lowered their price target on Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.50.

Insider Activity

In other news, insider Anuj Dhanda sold 230,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 300,577 shares in the company, valued at $5,786,107.25. This trade represents a 43.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael T. Theilmann sold 100,000 shares of the firm’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $19.35, for a total value of $1,935,000.00. Following the sale, the executive vice president owned 338,429 shares of the company’s stock, valued at $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. 1.35% of the stock is owned by company insiders.

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.