12,413 Shares in Albertsons Companies, Inc. (NYSE:ACI) Bought by M&T Bank Corp

M&T Bank Corp bought a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,413 shares of the company's stock, valued at approximately $244,000.

Other large investors have also modified their holdings of the company. Eagle Bay Advisors LLC lifted its position in Albertsons Companies by 108.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after buying an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of Albertsons Companies by 225.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock worth $27,000 after acquiring an additional 959 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Albertsons Companies by 91.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock worth $169,000 after acquiring an additional 4,101 shares during the period. R Squared Ltd acquired a new position in shares of Albertsons Companies during the 4th quarter valued at about $179,000. Finally, DGS Capital Management LLC acquired a new position in Albertsons Companies in the 3rd quarter valued at about $199,000. Hedge funds and other institutional investors own 71.35% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. UBS Group decreased their price objective on Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. Bank of America assumed coverage on Albertsons Companies in a report on Friday, December 13th. They set a "neutral" rating and a $22.00 price target for the company. The Goldman Sachs Group restated a "buy" rating and issued a $26.00 price objective on shares of Albertsons Companies in a report on Tuesday, February 4th. Morgan Stanley lowered their target price on shares of Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 11th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $26.00 price target on shares of Albertsons Companies in a research note on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.50.

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Albertsons Companies Stock Performance

Shares of NYSE:ACI traded down $0.39 during trading on Wednesday, reaching $21.64. 3,309,362 shares of the company's stock traded hands, compared to its average volume of 3,869,953. The stock has a market capitalization of $12.53 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50. The company has a 50 day moving average of $20.56 and a 200-day moving average of $19.52. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $22.08. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.07. The company had revenue of $18.77 billion during the quarter, compared to analyst estimates of $18.82 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. On average, equities analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.60 dividend on an annualized basis and a yield of 2.77%. This is a boost from Albertsons Companies's previous quarterly dividend of $0.12. Albertsons Companies's dividend payout ratio is presently 33.71%.

Albertsons Companies Company Profile

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.