Achmea Investment Management B.V. Has $6.02 Million Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Achmea Investment Management B.V. lessened its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 306,423 shares of the company's stock after selling 82,791 shares during the quarter. Achmea Investment Management B.V. owned approximately 0.05% of Albertsons Companies worth $6,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACI. FMR LLC grew its stake in shares of Albertsons Companies by 88.1% during the third quarter. FMR LLC now owns 16,841,582 shares of the company's stock worth $311,232,000 after buying an additional 7,887,688 shares during the last quarter. Parsifal Capital Management LP grew its stake in shares of Albertsons Companies by 22.8% during the third quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company's stock worth $157,946,000 after buying an additional 1,585,899 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Albertsons Companies by 25.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company's stock worth $114,033,000 after buying an additional 1,239,978 shares during the last quarter. Trium Capital LLP bought a new stake in shares of Albertsons Companies in the fourth quarter worth $23,678,000. Finally, Anson Funds Management LP grew its stake in shares of Albertsons Companies by 973.0% in the third quarter. Anson Funds Management LP now owns 1,190,165 shares of the company's stock worth $21,994,000 after purchasing an additional 1,079,246 shares during the last quarter. Institutional investors own 71.35% of the company's stock.

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Albertsons Companies Stock Up 0.4 %

Shares of NYSE ACI traded up $0.09 during trading on Tuesday, hitting $22.02. 5,592,131 shares of the company traded hands, compared to its average volume of 3,858,877. The business's fifty day moving average is $20.51 and its 200 day moving average is $19.50. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $22.04. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 1.92 and a beta of 0.50. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93.

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

Albertsons Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, January 24th. This is a positive change from Albertsons Companies's previous quarterly dividend of $0.12. Albertsons Companies's dividend payout ratio is currently 33.71%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ACI. Citigroup began coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They issued a "buy" rating and a $26.00 price objective on the stock. Evercore ISI boosted their price objective on shares of Albertsons Companies from $21.00 to $22.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 11th. Telsey Advisory Group reissued an "outperform" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, March 11th. Royal Bank of Canada boosted their target price on shares of Albertsons Companies from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Thursday, March 13th. Finally, Morgan Stanley dropped their target price on shares of Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 11th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.50.

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.