Hantz Financial Services Inc. Acquires 3,120 Shares of Albertsons Companies, Inc. $ACI

Hantz Financial Services Inc. grew its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 1,600.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,315 shares of the company’s stock after buying an additional 3,120 shares during the period. Hantz Financial Services Inc.’s holdings in Albertsons Companies were worth $71,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Flagship Harbor Advisors LLC boosted its holdings in shares of Albertsons Companies by 25.0% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 18,363 shares of the company’s stock valued at $395,000 after buying an additional 3,674 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Albertsons Companies by 106.9% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 96,773 shares of the company’s stock worth $2,082,000 after purchasing an additional 50,000 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Albertsons Companies by 6.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 119,611 shares of the company’s stock worth $2,573,000 after purchasing an additional 6,938 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Albertsons Companies by 1.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 110,833 shares of the company’s stock worth $2,384,000 after purchasing an additional 1,410 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Albertsons Companies by 6.6% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 755,552 shares of the company’s stock worth $16,252,000 after purchasing an additional 46,809 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $24.00 price target on shares of Albertsons Companies in a research report on Wednesday, October 15th. Wall Street Zen lowered Albertsons Companies from a “buy” rating to a “hold” rating in a research report on Sunday. Barclays assumed coverage on Albertsons Companies in a research report on Monday, July 21st. They issued an “underweight” rating and a $19.00 price target for the company. Bank of America lowered their price target on Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Finally, Tigress Financial boosted their target price on Albertsons Companies from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.50.

Albertsons Companies Price Performance

NYSE ACI opened at $17.32 on Wednesday. Albertsons Companies, Inc. has a 52 week low of $16.70 and a 52 week high of $23.20. The firm has a market capitalization of $9.51 billion, a P/E ratio of 10.25, a PEG ratio of 2.87 and a beta of 0.52. 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 company has a 50-day moving average price of $18.35 and a 200-day moving average price of $20.16.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $0.60 annualized dividend and a dividend yield of 3.5%. Albertsons Companies’s dividend payout ratio is presently 35.50%.

Insider Activity

In other news, 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction, the insider owned 300,577 shares of the company’s stock, valued at approximately $5,786,107.25. This trade represents a 43.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.35% of the stock is owned by corporate insiders.

About Albertsons Companies

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.