Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 49.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,296 shares of the company's stock after selling 53,850 shares during the quarter. Victory Capital Management Inc.'s holdings in Albertsons Companies were worth $1,066,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Private Management Group Inc. grew its stake in Albertsons Companies by 2.0% during the 4th quarter. Private Management Group Inc. now owns 2,196,484 shares of the company's stock valued at $43,138,000 after purchasing an additional 43,532 shares in the last quarter. Swiss National Bank grew its position in shares of Albertsons Companies by 9.2% in the 3rd quarter. Swiss National Bank now owns 1,117,200 shares of the company's stock worth $20,646,000 after acquiring an additional 94,300 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in shares of Albertsons Companies in the 4th quarter worth approximately $746,000. K2 Principal Fund L.P. grew its position in shares of Albertsons Companies by 68.4% in the 3rd quarter. K2 Principal Fund L.P. now owns 270,501 shares of the company's stock worth $4,999,000 after acquiring an additional 109,901 shares in the last quarter. Finally, ORBA Wealth Advisors L.L.C. acquired a new position in shares of Albertsons Companies in the 4th quarter worth approximately $433,000. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Stock Performance

Albertsons Companies stock traded down $0.11 during mid-day trading on Friday, hitting $21.17. 7,920,489 shares of the company's stock traded hands, compared to its average volume of 3,902,395. The firm has a 50 day moving average price of $20.65 and a 200 day moving average price of $19.56. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The company has a market cap of $12.26 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $22.05.

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

Albertsons Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, January 24th. This is an increase from Albertsons Companies's previous quarterly dividend of $0.12. Albertsons Companies's payout ratio is currently 33.71%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group decreased their target price on Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Royal Bank of Canada lifted their target price on Albertsons Companies from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Thursday, March 13th. Citigroup assumed coverage on Albertsons Companies in a research report on Friday, January 24th. They issued a "buy" rating and a $26.00 target price for the company. Bank of America assumed coverage on Albertsons Companies in a research report on Friday, December 13th. They issued a "neutral" rating and a $22.00 target price for the company. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $26.00 price target on shares of Albertsons Companies in a report on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.50.

Albertsons Companies 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.