Bank of New York Mellon Corp Has $66.47 Million Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Bank of New York Mellon Corp lifted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 18.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,384,157 shares of the company's stock after purchasing an additional 522,926 shares during the quarter. Bank of New York Mellon Corp owned 0.58% of Albertsons Companies worth $66,465,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC increased its stake in Albertsons Companies by 108.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after purchasing an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC increased 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 acquiring an additional 959 shares in the last quarter. R Squared Ltd bought a new stake in shares of Albertsons Companies during the fourth quarter worth $179,000. Assenagon Asset Management S.A. acquired a new stake in shares of Albertsons Companies during the third quarter worth $185,000. Finally, DGS Capital Management LLC bought a new stake in Albertsons Companies in the 3rd quarter valued at $199,000. Institutional investors own 71.35% of the company's stock.

Albertsons Companies Stock Performance

NYSE ACI traded up $0.19 on Thursday, hitting $20.99. 11,142,789 shares of the stock were exchanged, compared to its average volume of 3,538,753. The company has a market capitalization of $12.16 billion, a PE ratio of 11.79, 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 current ratio of 0.93 and a quick ratio of 0.21. The business's fifty day moving average is $20.26 and its 200 day moving average is $19.47. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $21.67.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $18.82 billion. During the same period in the prior year, the firm earned $0.79 EPS. Albertsons Companies's quarterly revenue was up 1.2% compared to the same quarter last year. Research analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a dividend of $0.15 per share. This is an increase from Albertsons Companies's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Friday, January 24th. Albertsons Companies's payout ratio is currently 33.71%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Telsey Advisory Group reiterated an "outperform" rating and set a $26.00 target price on shares of Albertsons Companies in a report on Tuesday. The Goldman Sachs Group reiterated a "buy" rating and set a $26.00 price objective on shares of Albertsons Companies in a report on Tuesday, February 4th. Bank of America started coverage on Albertsons Companies in a research report on Friday, December 13th. They issued a "neutral" rating and a $22.00 target price on the stock. UBS Group decreased their price target on shares of Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, December 17th. Finally, Morgan Stanley lowered their price objective 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Albertsons Companies has an average rating of "Moderate Buy" and a consensus target price of $23.21.

Albertsons Companies Company 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.