Mutual of America Capital Management LLC Decreases Position in Albertsons Companies, Inc. $ACI

Mutual of America Capital Management LLC cut its position in Albertsons Companies, Inc. (NYSE:ACI) by 4.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 200,427 shares of the company’s stock after selling 8,310 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Albertsons Companies were worth $4,311,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ACI. West Oak Capital LLC purchased a new position in Albertsons Companies in the second quarter worth about $30,000. SVB Wealth LLC purchased a new position in Albertsons Companies in the first quarter worth about $32,000. Bessemer Group Inc. purchased a new position in Albertsons Companies in the first quarter worth about $40,000. GAMMA Investing LLC raised its holdings in Albertsons Companies by 340.1% in the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock worth $42,000 after buying an additional 1,483 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in Albertsons Companies in the second quarter worth about $43,000. 71.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a report on Wednesday, October 15th. Tigress Financial boosted their price objective on shares of Albertsons Companies from $28.00 to $29.00 and gave the company a “buy” rating in a report on Monday. Zacks Research raised shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Wells Fargo & Company decreased their price objective on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada decreased their price objective on shares of Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Insider Activity at Albertsons Companies

In related news, EVP Michael T. Theilmann sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $19.35, for a total transaction of $1,935,000.00. Following the completion of the sale, the executive vice president directly owned 338,429 shares in the company, valued at approximately $6,548,601.15. The trade was a 22.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $4,427,500.00. Following the sale, the insider owned 300,577 shares of the company’s stock, 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. Insiders own 1.35% of the company’s stock.

Albertsons Companies Stock Performance

Shares of NYSE ACI opened at $19.57 on Thursday. The firm has a 50 day moving average of $18.57 and a 200 day moving average of $20.37. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 3.16 and a beta of 0.49. Albertsons Companies, Inc. has a 12-month low of $16.70 and a 12-month high of $23.20.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, October 24th. Albertsons Companies’s payout ratio 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.