Comerica Bank Has $772,000 Holdings in SuperValu Inc. (SVU)
Comerica Bank lowered its position in shares of SuperValu Inc. (NYSE:SVU) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 237,625 shares of the company’s stock after selling 15,490 shares during the quarter. Comerica Bank owned 0.09% of SuperValu worth $772,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in SVU. BlackRock Inc. grew its stake in SuperValu by 11,576.6% in the 1st quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock valued at $159,258,000 after acquiring an additional 40,904,886 shares during the last quarter. UBS Oconnor LLC grew its stake in SuperValu by 323.4% in the 1st quarter. UBS Oconnor LLC now owns 9,222,644 shares of the company’s stock valued at $35,599,000 after acquiring an additional 7,044,616 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in SuperValu by 59.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,769,774 shares of the company’s stock valued at $9,113,000 after acquiring an additional 1,030,762 shares during the last quarter. Westpac Banking Corp acquired a new stake in SuperValu in the 1st quarter valued at about $5,238,000. Finally, Saba Capital Management L.P. acquired a new stake in SuperValu in the 1st quarter valued at about $3,277,000.
SVU has been the topic of a number of research reports. Pivotal Research reissued a “buy” rating and issued a $38.50 price objective on shares of SuperValu in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of SuperValu from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Monday, July 31st. Royal Bank Of Canada set a $42.00 price objective on shares of SuperValu and gave the company a “buy” rating in a research note on Sunday, July 16th. Morgan Stanley reissued an “equal weight” rating and issued a $24.50 price objective (down from $31.50) on shares of SuperValu in a research note on Monday, June 19th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $28.00 price objective (down from $35.00) on shares of SuperValu in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. SuperValu currently has an average rating of “Hold” and a consensus target price of $32.67.
Shares of SuperValu Inc. (NYSE SVU) opened at 20.80 on Friday. The firm has a market capitalization of $793.35 million, a PE ratio of 1.28 and a beta of 2.11. SuperValu Inc. has a 1-year low of $19.16 and a 1-year high of $38.43. The firm’s 50 day moving average is $21.56 and its 200 day moving average is $24.59.
SuperValu (NYSE:SVU) last released its earnings results on Tuesday, July 25th. The company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.07). SuperValu had a net margin of 4.46% and a return on equity of 220.54%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the firm earned $1.33 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. Analysts anticipate that SuperValu Inc. will post $2.36 EPS for the current fiscal year.
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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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