Dendur Capital LP Invests $49.10 Million in Albertsons Companies, Inc. (NYSE:ACI)

Dendur Capital LP acquired a new stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,500,000 shares of the company's stock, valued at approximately $49,100,000. Albertsons Companies makes up 5.1% of Dendur Capital LP's portfolio, making the stock its 9th largest holding. Dendur Capital LP owned 0.43% of Albertsons Companies at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ACI. Vanguard Group Inc. lifted its stake in shares of Albertsons Companies by 6.9% in the fourth 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. FMR LLC lifted its position in Albertsons Companies by 55.3% during the 4th quarter. FMR LLC now owns 26,150,522 shares of the company's stock worth $513,596,000 after acquiring an additional 9,308,940 shares during the last quarter. Norges Bank bought a new stake in Albertsons Companies during the fourth quarter valued at about $298,302,000. Geode Capital Management LLC grew its position in shares of Albertsons Companies by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 9,491,772 shares of the company's stock valued at $186,211,000 after purchasing an additional 428,506 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Albertsons Companies by 21.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,465,449 shares of the company's stock worth $146,621,000 after purchasing an additional 1,294,848 shares during the period. Institutional investors own 71.35% of the company's stock.

Albertsons Companies Stock Performance

NYSE ACI opened at $22.56 on Wednesday. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20. The company has a 50 day moving average of $21.23 and a 200-day moving average of $20.03. 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 firm has a market cap of $13.07 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 1.92 and a beta of 0.47.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The firm had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $18.78 billion. During the same quarter in the previous year, the company posted $0.54 EPS. On average, equities analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, April 25th. Albertsons Companies's dividend payout ratio is presently 36.59%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 price target on shares of Albertsons Companies in a research report on Wednesday, April 16th. Telsey Advisory Group reiterated an "outperform" rating and set a $26.00 target price on shares of Albertsons Companies in a research note on Friday, April 11th. UBS Group reduced their price target on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Citigroup started coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They set a "buy" rating and a $26.00 price objective for the company. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.36.

About Albertsons Companies

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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