California Public Employees Retirement System Reduces Stake in Albertsons Companies, Inc. (NYSE:ACI)

California Public Employees Retirement System lowered its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,951,422 shares of the company's stock after selling 15,408 shares during the quarter. California Public Employees Retirement System owned 0.34% of Albertsons Companies worth $38,326,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Albertsons Companies by 5.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,159,736 shares of the company's stock worth $39,912,000 after acquiring an additional 115,030 shares in the last quarter. Captrust Financial Advisors grew its stake in Albertsons Companies by 59.6% in the third quarter. Captrust Financial Advisors now owns 71,151 shares of the company's stock worth $1,315,000 after purchasing an additional 26,582 shares in the last quarter. Holocene Advisors LP increased its holdings in Albertsons Companies by 55.8% during the 3rd quarter. Holocene Advisors LP now owns 386,358 shares of the company's stock worth $7,140,000 after purchasing an additional 138,323 shares during the period. Investment Management Corp of Ontario purchased a new position in Albertsons Companies during the 3rd quarter worth $231,000. Finally, Parsifal Capital Management LP raised its position in Albertsons Companies by 22.8% during the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company's stock valued at $157,946,000 after purchasing an additional 1,585,899 shares in the last quarter. Institutional investors own 71.35% of the company's stock.

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Albertsons Companies Stock Down 3.0 %

Shares of ACI stock traded down $0.67 during trading hours on Monday, reaching $21.31. 7,341,418 shares of the company's stock were exchanged, compared to its average volume of 4,124,413. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. The stock has a market cap of $12.34 billion, a PE ratio of 11.97, a PEG ratio of 1.92 and a beta of 0.47. The stock's fifty day moving average price is $21.02 and its two-hundred day moving average price is $19.80.

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

Albertsons Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.82%. This is an increase from Albertsons Companies's previous quarterly dividend of $0.12. The ex-dividend date was Friday, January 24th. Albertsons Companies's dividend payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ACI shares. UBS Group cut their price target on Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. Evercore ISI raised their target price on shares of Albertsons Companies from $21.00 to $22.00 and gave the company an "in-line" rating in a research report on Tuesday, March 11th. Morgan Stanley lowered their price target on shares of Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating for the company in a research report on Wednesday, December 11th. Telsey Advisory Group reissued an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a report on Tuesday, March 11th. Finally, Citigroup started coverage on Albertsons Companies in a report on Friday, January 24th. They set a "buy" rating and a $26.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.