Cwm LLC Has $604,000 Position in Albertsons Companies, Inc. $ACI

Key Points

• Cwm LLC reduced its stake in Albertsons Companies by 60.3%, now holding 28,074 shares valued at approximately $604,000.
• Several institutional investors, including AQR Capital Management and Voya Investment Management, significantly increased their stakes in Albertsons during the first quarter, indicating strong interest from large funds.
• Analysts have set varied price targets for Albertsons, with the stock receiving an average rating of "Moderate Buy" and a price target of $23.50.

Cwm LLC reduced its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 60.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,074 shares of the company's stock after selling 42,618 shares during the period. Cwm LLC's holdings in Albertsons Companies were worth $604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ACI. AQR Capital Management LLC grew its stake in shares of Albertsons Companies by 1,601.1% in the first quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company's stock valued at $103,807,000 after acquiring an additional 4,451,250 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Albertsons Companies by 6,541.5% in the first quarter. Voya Investment Management LLC now owns 3,723,616 shares of the company's stock valued at $81,882,000 after acquiring an additional 3,667,550 shares in the last quarter. LSV Asset Management grew its stake in shares of Albertsons Companies by 52.9% in the first 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 in the last quarter. Apollo Management Holdings L.P. grew its stake in shares of Albertsons Companies by 174.1% in the first 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 in the last quarter. Finally, Amundi grew its stake in shares of Albertsons Companies by 118.8% in the first quarter. Amundi now owns 3,227,851 shares of the company's stock valued at $73,164,000 after acquiring an additional 1,752,393 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACI has been the topic of several research reports. JPMorgan Chase & Co. decreased 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. UBS Group decreased 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. Weiss Ratings restated a "hold (c)" rating on shares of Albertsons Companies in a research note on Wednesday, October 8th. Royal Bank Of Canada decreased 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. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $24.00 price target on shares of Albertsons Companies in a research note on Wednesday, October 15th. Ten 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $23.50.

Albertsons Companies Trading Down 1.8%

Shares of Albertsons Companies stock opened at $19.22 on Friday. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 3.20 and a beta of 0.49. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 2.25. Albertsons Companies, Inc. has a 12-month low of $16.70 and a 12-month high of $23.20. The firm's 50-day moving average price is $18.57 and its two-hundred day moving average price is $20.35.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be paid a dividend of $0.15 per share. 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 presently 35.50%.

Insider Transactions at Albertsons Companies

In other news, insider Anuj Dhanda sold 230,000 shares of the 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 completion of the transaction, the insider owned 300,577 shares of the company's stock, valued at approximately $5,786,107.25. This represents a 43.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael T. Theilmann sold 100,000 shares of the stock in a transaction dated Thursday, October 16th. The stock was 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 directly owned 338,429 shares of the company's stock, valued at $6,548,601.15. This trade represents a 22.81% decrease in their position. The disclosure for this sale can be found here. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.