Mutual Advisors LLC Invests $371,000 in Albertsons Companies, Inc. $ACI

Key Points

• Mutual Advisors LLC invested approximately $371,000 in Albertsons Companies, Inc., purchasing 18,548 shares in the 2nd quarter.
• The company has declared a quarterly dividend of $0.15 per share to be paid on November 7th, representing a yield of 3.1%.
• Insider transactions included EVP Michael T. Theilmann selling 100,000 shares, resulting in a 22.81% decrease in their ownership stake.

Mutual Advisors LLC purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,548 shares of the company's stock, valued at approximately $371,000.

Several other hedge funds also recently made changes to their positions in ACI. GAMMA Investing LLC grew its stake in shares of Albertsons Companies by 340.1% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after acquiring an additional 1,483 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Albertsons Companies by 93.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,245 shares of the company's stock worth $3,502,000 after acquiring an additional 76,859 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Albertsons Companies during the 1st quarter worth approximately $1,044,000. Blue Trust Inc. grew its stake in shares of Albertsons Companies by 100.0% during the 1st quarter. Blue Trust Inc. now owns 3,370 shares of the company's stock worth $74,000 after acquiring an additional 1,685 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Albertsons Companies during the 1st quarter worth approximately $323,000. 71.35% of the stock is owned by institutional investors.

Insider Buying and Selling at Albertsons Companies

In other Albertsons Companies news, EVP Michael T. Theilmann sold 100,000 shares of the firm's stock in a transaction on 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 sale, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anuj Dhanda sold 230,000 shares of the firm's stock in a transaction 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 sale, the insider directly owned 300,577 shares of the company's stock, valued at $5,786,107.25. This represents a 43.35% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.35% of the company's stock.

Albertsons Companies Trading Down 0.4%

Shares of Albertsons Companies stock opened at $19.66 on Tuesday. The business has a fifty day simple moving average of $18.56 and a two-hundred day simple moving average of $20.38. Albertsons Companies, Inc. has a 1 year low of $16.70 and a 1 year high of $23.20. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 3.23 and a beta of 0.49. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.81 and a quick ratio of 0.20.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be issued 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 yield of 3.1%. Albertsons Companies's dividend payout ratio (DPR) is currently 35.50%.

Analyst Ratings Changes

Several equities analysts recently weighed in on ACI shares. UBS Group decreased their target price on shares of Albertsons Companies from $27.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, October 15th. JPMorgan Chase & Co. decreased their target price on shares of Albertsons Companies from $27.00 to $24.00 and set an "overweight" rating for the company in a research note on Wednesday, October 8th. Roth Capital reissued a "buy" rating and issued a $24.00 target price (up from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Weiss Ratings reissued a "hold (c)" rating on shares of Albertsons Companies in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their target price on shares of Albertsons Companies from $27.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, October 7th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Albertsons Companies has a consensus rating of "Moderate Buy" and a consensus target price of $23.50.

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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