Aviva PLC Sells 13,314 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Aviva PLC reduced its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,008 shares of the company's stock after selling 13,314 shares during the quarter. Aviva PLC's holdings in Albertsons Companies were worth $1,689,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Eagle Bay Advisors LLC lifted its position in Albertsons Companies by 108.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock valued at $26,000 after purchasing an additional 700 shares during the period. Capital Advisors Ltd. LLC raised its position in shares of Albertsons Companies by 225.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock worth $27,000 after purchasing an additional 959 shares during the period. Synovus Financial Corp lifted its stake in Albertsons Companies by 10.0% in the third quarter. Synovus Financial Corp now owns 13,192 shares of the company's stock valued at $244,000 after buying an additional 1,197 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Albertsons Companies by 316.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock valued at $35,000 after acquiring an additional 1,358 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Albertsons Companies by 1.4% during the fourth quarter. Arizona State Retirement System now owns 109,337 shares of the company's stock worth $2,147,000 after buying an additional 1,498 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.

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Albertsons Companies Price Performance

ACI stock traded down $1.68 during midday trading on Tuesday, reaching $19.89. The company had a trading volume of 6,329,458 shares, compared to its average volume of 4,183,086. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The firm has a 50-day moving average price of $21.18 and a 200-day moving average price of $19.92. The company has a market capitalization of $11.53 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.92 and a beta of 0.47. 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 announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The firm had revenue of $18.80 billion during the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. During the same period in the previous year, the business posted $0.54 EPS. On average, research analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.02%. Albertsons Companies's dividend payout ratio (DPR) is presently 33.71%.

Analyst Upgrades and Downgrades

ACI has been the topic of several recent research reports. The Goldman Sachs Group reiterated a "buy" rating and issued a $26.00 price target on shares of Albertsons Companies in a research note on Tuesday, February 4th. Telsey Advisory Group restated an "outperform" rating and set a $26.00 target price on shares of Albertsons Companies in a research note on Friday. Evercore ISI upped their price objective on Albertsons Companies from $21.00 to $22.00 and gave the company an "in-line" rating in a report on Tuesday, March 11th. Citigroup started coverage on Albertsons Companies in a research note on Friday, January 24th. They issued a "buy" rating and a $26.00 price target for the company. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 price target on shares of Albertsons Companies in a report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.