SuperValu Inc. (SVU) Holdings Reduced by California Public Employees Retirement System
California Public Employees Retirement System trimmed its position in shares of SuperValu Inc. (NYSE:SVU) by 5.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,495,200 shares of the company’s stock after selling 84,300 shares during the quarter. California Public Employees Retirement System’s holdings in SuperValu were worth $4,919,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of SuperValu by 11,576.6% during the first quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock valued at $159,258,000 after purchasing an additional 40,904,886 shares during the period. Vanguard Group Inc. boosted its stake in shares of SuperValu by 2.3% during the second quarter. Vanguard Group Inc. now owns 29,991,105 shares of the company’s stock valued at $98,671,000 after purchasing an additional 682,044 shares during the period. UBS Oconnor LLC boosted its stake in shares of SuperValu by 323.4% during the first quarter. UBS Oconnor LLC now owns 9,222,644 shares of the company’s stock valued at $35,599,000 after purchasing an additional 7,044,616 shares during the period. State Street Corp boosted its stake in shares of SuperValu by 7.7% during the first quarter. State Street Corp now owns 8,208,363 shares of the company’s stock valued at $31,686,000 after purchasing an additional 586,022 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of SuperValu by 1.2% during the second quarter. Principal Financial Group Inc. now owns 5,402,588 shares of the company’s stock valued at $17,775,000 after purchasing an additional 62,061 shares during the period.
Shares of SuperValu Inc. (NYSE SVU) opened at 15.70 on Friday. SuperValu Inc. has a 1-year low of $15.51 and a 1-year high of $38.43. The stock has a market capitalization of $598.83 million, a price-to-earnings ratio of 0.97 and a beta of 2.13. The company has a 50-day moving average of $20.46 and a 200-day moving average of $23.95.
SuperValu (NYSE:SVU) last announced its earnings results on Wednesday, October 18th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.11. SuperValu had a return on equity of 41.33% and a net margin of 4.08%. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the business posted $0.70 EPS. SuperValu’s revenue for the quarter was up 35.5% on a year-over-year basis. On average, equities research analysts expect that SuperValu Inc. will post $2.23 EPS for the current fiscal year.
A number of brokerages have recently issued reports on SVU. Zacks Investment Research lowered shares of SuperValu from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Northcoast Research reissued a “neutral” rating on shares of SuperValu in a research note on Thursday. BidaskClub lowered shares of SuperValu from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Pivotal Research reissued a “buy” rating and set a $38.50 target price on shares of SuperValu in a research note on Wednesday, July 26th. Finally, ValuEngine raised shares of SuperValu from a “hold” rating to a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $30.33.
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Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.
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