Teacher Retirement System of Texas Takes $1.33 Million Position in Albertsons Companies, Inc. (NYSE:ACI)

Teacher Retirement System of Texas acquired a new position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 60,439 shares of the company's stock, valued at approximately $1,329,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vontobel Holding Ltd. purchased a new stake in shares of Albertsons Companies in the 1st quarter worth about $224,000. New York State Teachers Retirement System purchased a new stake in shares of Albertsons Companies in the 1st quarter worth about $3,662,000. Amalgamated Bank boosted its position in shares of Albertsons Companies by 747.5% in the 1st quarter. Amalgamated Bank now owns 186,464 shares of the company's stock worth $4,100,000 after buying an additional 164,462 shares in the last quarter. KBC Group NV increased its position in Albertsons Companies by 37.9% during the 1st quarter. KBC Group NV now owns 23,418 shares of the company's stock worth $515,000 after purchasing an additional 6,430 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Albertsons Companies during the 1st quarter worth about $1,420,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACI has been the subject of a number of research analyst reports. Tigress Financial reaffirmed a "buy" rating and set a $28.00 price objective on shares of Albertsons Companies in a research note on Tuesday, July 8th. JPMorgan Chase & Co. set a $31.00 price objective on shares of Albertsons Companies in a research note on Tuesday, July 8th. UBS Group dropped their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Royal Bank Of Canada reiterated an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a report on Wednesday, April 16th. Finally, Evercore ISI decreased their target price on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.21.

Albertsons Companies Stock Up 0.1%

NYSE ACI traded up $0.03 on Monday, reaching $22.18. The company had a trading volume of 420,251 shares, compared to its average volume of 4,952,096. The firm has a market capitalization of $12.77 billion, a PE ratio of 13.54, a P/E/G ratio of 2.25 and a beta of 0.44. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The firm has a 50-day moving average of $21.80 and a 200-day moving average of $21.20. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.90 and a quick ratio of 0.22.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The firm had revenue of $18.80 billion during the quarter, compared to analysts' expectations of $18.78 billion. Albertsons Companies had a return on equity of 41.03% and a net margin of 1.19%. During the same quarter in the prior year, the business earned $0.54 EPS. On average, equities research analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is currently 36.59%.

Insider Activity at Albertsons Companies

In other news, EVP Omer Gajial sold 47,303 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the completion of the transaction, the executive vice president directly owned 162,569 shares in the company, valued at approximately $3,488,730.74. This represents a 22.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.35% of the company's stock.

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.