New York State Teachers Retirement System Boosts Holdings in Albertsons Companies, Inc. $ACI

New York State Teachers Retirement System boosted its position in Albertsons Companies, Inc. (NYSE:ACI) by 9.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,112 shares of the company’s stock after buying an additional 15,601 shares during the period. New York State Teachers Retirement System’s holdings in Albertsons Companies were worth $3,917,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. West Oak Capital LLC purchased a new position in Albertsons Companies in the 2nd quarter valued at $30,000. SVB Wealth LLC purchased a new position in Albertsons Companies in the 1st quarter valued at $32,000. Bessemer Group Inc. purchased a new position in Albertsons Companies in the 1st quarter valued at $40,000. GAMMA Investing LLC grew its position in Albertsons Companies by 340.1% in the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock valued at $42,000 after buying an additional 1,483 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in shares of Albertsons Companies during the 2nd quarter worth $43,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ACI shares. Royal Bank Of Canada lowered their price target on shares of Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. JPMorgan Chase & Co. lowered their price target on shares of Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Roth Capital reaffirmed a “buy” rating and set a $24.00 price target (up from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Albertsons Companies in a research note on Wednesday, October 8th. Finally, UBS Group lowered their price target 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. Ten investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Albertsons Companies Price Performance

Albertsons Companies stock opened at $19.66 on Tuesday. Albertsons Companies, Inc. has a 52 week low of $16.70 and a 52 week high of $23.20. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 2.25. The firm’s 50-day simple moving average is $18.56 and its 200 day simple moving average is $20.38. The firm has a market capitalization of $10.80 billion, a PE ratio of 11.63, a P/E/G ratio of 3.23 and a beta of 0.49.

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 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, October 24th. Albertsons Companies’s dividend payout ratio is 35.50%.

Insider Transactions at Albertsons Companies

In other Albertsons Companies news, insider Anuj Dhanda sold 230,000 shares of the company’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 approximately $5,786,107.25. This represents a 43.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael T. Theilmann sold 100,000 shares of the company’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 approximately $6,548,601.15. This trade 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 currently owned by corporate 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.