Albertsons Companies, Inc. (NYSE:ACI) Holdings Boosted by Transform Wealth LLC

Transform Wealth LLC grew its holdings in shares of Albertsons Companies, Inc. (NYSE:ACIGet Rating) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 302,005 shares of the company’s stock after buying an additional 11,828 shares during the period. Albertsons Companies accounts for about 1.2% of Transform Wealth LLC’s investment portfolio, making the stock its 26th biggest holding. Transform Wealth LLC owned 0.06% of Albertsons Companies worth $8,070,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ACI. Dimensional Fund Advisors LP raised its holdings in shares of Albertsons Companies by 157.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 113,609 shares of the company’s stock valued at $3,430,000 after buying an additional 69,525 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Albertsons Companies by 3.1% during the fourth quarter. Rhumbline Advisers now owns 145,188 shares of the company’s stock valued at $4,383,000 after acquiring an additional 4,322 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Albertsons Companies by 254.0% during the fourth quarter. Allianz Asset Management GmbH now owns 124,377 shares of the company’s stock valued at $3,755,000 after acquiring an additional 89,242 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Albertsons Companies by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 492,674 shares of the company’s stock valued at $14,874,000 after acquiring an additional 12,159 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Albertsons Companies by 49.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 14,264 shares of the company’s stock valued at $431,000 after acquiring an additional 4,734 shares during the period. Institutional investors own 63.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Albertsons Companies from $42.00 to $43.00 in a research report on Thursday, July 21st. BMO Capital Markets decreased their price target on shares of Albertsons Companies from $26.00 to $24.00 in a research report on Friday, July 15th. TheStreet upgraded shares of Albertsons Companies from a “c” rating to a “b-” rating in a research report on Friday, September 2nd. Citigroup decreased their price target on shares of Albertsons Companies from $36.00 to $30.00 in a research report on Thursday, July 28th. Finally, UBS Group lowered their price objective on shares of Albertsons Companies from $37.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.64.

Albertsons Companies Stock Down 4.4 %

Shares of NYSE:ACI traded down $1.15 during trading on Friday, reaching $25.06. 84,486 shares of the company traded hands, compared to its average volume of 3,134,373. The firm has a fifty day simple moving average of $27.66 and a 200 day simple moving average of $29.87. The firm has a market cap of $13.33 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 1.65 and a beta of 0.43. Albertsons Companies, Inc. has a 1-year low of $25.89 and a 1-year high of $37.99. The company has a quick ratio of 0.52, a current ratio of 1.10 and a debt-to-equity ratio of 1.75.

Albertsons Companies (NYSE:ACIGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $23.31 billion during the quarter, compared to the consensus estimate of $22.77 billion. Albertsons Companies had a return on equity of 63.97% and a net margin of 2.24%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. Analysts anticipate that Albertsons Companies, Inc. will post 2.74 earnings per share for the current fiscal year.

Albertsons Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 10th. Stockholders of record on Tuesday, July 26th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Monday, July 25th. Albertsons Companies’s dividend payout ratio is 16.61%.

Insider Activity

In other news, CAO Robert Bruce Larson sold 35,000 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $26.79, for a total transaction of $937,650.00. Following the transaction, the chief accounting officer now owns 80,241 shares of the company’s stock, valued at approximately $2,149,656.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Albertsons Companies news, CAO Robert Bruce Larson sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $26.79, for a total value of $937,650.00. Following the sale, the chief accounting officer now owns 80,241 shares of the company’s stock, valued at approximately $2,149,656.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Susan Morris sold 252,003 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $28.25, for a total value of $7,119,084.75. Following the completion of the sale, the executive vice president now directly owns 638,928 shares in the company, valued at approximately $18,049,716. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Albertsons Companies Profile

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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.

Further Reading

Institutional Ownership by Quarter for Albertsons Companies (NYSE:ACI)

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