Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 79.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 658,070 shares of the company's stock after selling 2,510,785 shares during the period. Alliancebernstein L.P. owned 0.11% of Albertsons Companies worth $12,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ACI. Eagle Bay Advisors LLC increased its position in shares of Albertsons Companies by 108.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock valued at $26,000 after buying an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in Albertsons Companies by 225.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock valued at $27,000 after acquiring an additional 959 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Albertsons Companies by 316.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after acquiring an additional 1,358 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Albertsons Companies by 91.0% during the fourth 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. Finally, R Squared Ltd purchased a new position in Albertsons Companies during the fourth quarter valued at $179,000. Institutional investors and hedge funds own 71.35% of the company's stock.

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Albertsons Companies Stock Down 7.4 %

Shares of ACI stock traded down $1.60 during trading hours on Tuesday, reaching $19.97. The company had a trading volume of 5,475,388 shares, compared to its average volume of 4,179,103. The stock's fifty day simple moving average is $21.18 and its 200 day simple moving average is $19.92. The company has a market capitalization of $11.57 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. 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, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.00%. Albertsons Companies's dividend payout ratio is presently 33.71%.

Analysts Set New Price Targets

A number of equities analysts have commented on ACI shares. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a report on Thursday, April 3rd. 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. Citigroup started coverage on shares of Albertsons Companies in a report on Friday, January 24th. They set a "buy" rating and a $26.00 target price for the company. Telsey Advisory Group reissued an "outperform" rating and issued a $26.00 price target on shares of Albertsons Companies in a research note on Friday. Finally, UBS Group lowered their price target on shares of Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Albertsons Companies 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.