Albertsons Companies, Inc. $ACI Shares Sold by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in Albertsons Companies, Inc. by 1.4%, owning approximately 1.2 million shares valued at $25.7 million after selling 17,095 shares in the second quarter.
• Insider activity included the sale of 100,000 shares by EVP Michael T. Theilmann and 230,000 shares by insider Anuj Dhanda on October 16th, representing significant decreases in their respective ownership stakes.
• Albertsons Companies announced a quarterly dividend of $0.15 per share, with a dividend yield of 3.1% and a payout ratio of 35.50%, payable on November 7th to shareholders of record on October 24th.

DekaBank Deutsche Girozentrale lowered its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,217,131 shares of the company's stock after selling 17,095 shares during the period. DekaBank Deutsche Girozentrale owned about 0.22% of Albertsons Companies worth $25,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ACI. AQR Capital Management LLC raised its position in Albertsons Companies by 1,601.1% in the 1st quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company's stock valued at $103,807,000 after purchasing an additional 4,451,250 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Albertsons Companies in the 2nd quarter valued at about $81,463,000. Voya Investment Management LLC raised its position in Albertsons Companies by 6,541.5% in the 1st quarter. Voya Investment Management LLC now owns 3,723,616 shares of the company's stock valued at $81,882,000 after purchasing an additional 3,667,550 shares in the last quarter. LSV Asset Management increased its holdings in shares of Albertsons Companies by 52.9% in the 1st quarter. LSV Asset Management now owns 7,873,039 shares of the company's stock valued at $173,128,000 after acquiring an additional 2,724,576 shares during the last quarter. Finally, Apollo Management Holdings L.P. increased its holdings in shares of Albertsons Companies by 174.1% in the 1st quarter. Apollo Management Holdings L.P. now owns 2,930,000 shares of the company's stock valued at $64,431,000 after acquiring an additional 1,861,000 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Insider Activity at Albertsons Companies

In other Albertsons Companies news, EVP Michael T. Theilmann sold 100,000 shares of Albertsons Companies stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $19.35, for a total value of $1,935,000.00. Following the transaction, the executive vice president directly owned 338,429 shares in the company, valued at approximately $6,548,601.15. This trade represents a 22.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anuj Dhanda sold 230,000 shares of Albertsons Companies 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 completion of the transaction, the insider 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 disclosure for this sale can be found here. Company insiders own 1.35% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ACI shares. JPMorgan Chase & Co. dropped their price objective on Albertsons Companies from $27.00 to $24.00 and set an "overweight" rating on the stock in a report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on Albertsons Companies from $27.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday, October 7th. Royal Bank Of Canada dropped their price objective on Albertsons Companies from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. UBS Group dropped their price objective on Albertsons Companies from $27.00 to $25.00 and set a "buy" rating on the stock in a report on Wednesday, October 15th. Finally, Bank of America dropped their price target on Albertsons Companies from $24.00 to $22.00 and set a "neutral" 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $23.50.

Albertsons Companies Trading Up 1.2%

Shares of ACI stock opened at $19.57 on Thursday. The business's 50 day moving average is $18.57 and its two-hundred day moving average is $20.37. Albertsons Companies, Inc. has a twelve month low of $16.70 and a twelve month high of $23.20. The company has a market capitalization of $10.75 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 3.16 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.

Albertsons Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, October 24th. Albertsons Companies's dividend payout ratio (DPR) is 35.50%.

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.

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