Arrowstreet Capital Limited Partnership reduced its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 94.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,800 shares of the company's stock after selling 1,039,586 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Albertsons Companies were worth $1,253,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Albertsons Companies during the 4th quarter worth $298,302,000. Vanguard Group Inc. lifted its holdings in Albertsons Companies by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock worth $713,131,000 after buying an additional 2,347,875 shares during the last quarter. Trium Capital LLP acquired a new position in shares of Albertsons Companies during the 4th quarter worth about $23,678,000. Raymond James Financial Inc. acquired a new position in shares of Albertsons Companies during the 4th quarter worth about $15,544,000. Finally, Geode Capital Management LLC increased its holdings in shares of Albertsons Companies by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company's stock valued at $167,229,000 after acquiring an additional 592,711 shares during the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on ACI shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $26.00 price target on shares of Albertsons Companies in a report on Tuesday, February 4th. Citigroup started coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They issued a "buy" rating and a $26.00 target price on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price target on shares of Albertsons Companies in a research report on Thursday, April 3rd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a report on Friday. Finally, Evercore ISI lifted their target price on Albertsons Companies from $21.00 to $22.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.50.
View Our Latest Stock Analysis on ACI
Albertsons Companies Stock Performance
Shares of NYSE ACI traded down $1.61 during mid-day trading on Tuesday, hitting $19.96. 16,414,194 shares of the company were exchanged, compared to its average volume of 4,219,834. 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 firm has a market cap of $11.57 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. The stock has a 50 day simple moving average of $21.18 and a 200-day simple moving average of $19.92. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20.
Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The company had revenue of $18.80 billion during the quarter, compared to analysts' expectations of $18.78 billion. During the same quarter last year, the business earned $0.54 EPS. On average, sell-side analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.
Albertsons Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.01%. Albertsons Companies's payout ratio is 33.71%.
Albertsons Companies Profile
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Free Report)
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.
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