Wolverine Asset Management LLC Has $27,000 Stock Position in Albertsons Companies, Inc. $ACI

Wolverine Asset Management LLC trimmed its position in Albertsons Companies, Inc. (NYSE:ACI) by 91.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,266 shares of the company’s stock after selling 13,069 shares during the quarter. Wolverine Asset Management LLC’s holdings in Albertsons Companies were worth $27,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. West Oak Capital LLC acquired a new stake in shares of Albertsons Companies during the second quarter worth approximately $30,000. SVB Wealth LLC acquired a new stake in shares of Albertsons Companies during the first quarter worth approximately $32,000. GAMMA Investing LLC boosted its holdings in shares of Albertsons Companies by 340.1% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock worth $42,000 after purchasing an additional 1,483 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Albertsons Companies during the second quarter worth approximately $43,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Albertsons Companies during the first quarter worth approximately $53,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Anuj Dhanda sold 230,000 shares of Albertsons Companies stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael T. Theilmann sold 100,000 shares of Albertsons Companies 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 transaction, the executive vice president directly owned 338,429 shares in the company, valued at approximately $6,548,601.15. This represents a 22.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

ACI has been the subject of several research reports. Roth Capital restated a “buy” rating and set a $24.00 price target (up from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Albertsons Companies in a research report on Thursday, October 30th. Wells Fargo & Company cut their price objective on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Albertsons Companies in a research report on Wednesday, October 15th. Finally, UBS Group cut their price objective on shares of Albertsons Companies from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Albertsons Companies has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Albertsons Companies Price Performance

Shares of ACI opened at $17.56 on Tuesday. Albertsons Companies, Inc. has a twelve month low of $16.70 and a twelve month high of $23.20. The firm has a market cap of $9.65 billion, a PE ratio of 10.39, a PEG ratio of 2.88 and a beta of 0.52. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.20 and a current ratio of 0.81. The firm’s 50 day moving average price is $18.39 and its 200 day moving average price is $20.19.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. Albertsons Companies’s dividend payout ratio (DPR) is currently 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.