Fmr LLC Acquires 9,308,940 Shares of Albertsons Companies, Inc. (NYSE:ACI)

FMR LLC boosted its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 55.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,150,522 shares of the company's stock after acquiring an additional 9,308,940 shares during the quarter. FMR LLC owned 4.51% of Albertsons Companies worth $513,596,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Albertsons Companies by 1.7% in the third quarter. State Street Corp now owns 8,615,413 shares of the company's stock valued at $159,213,000 after acquiring an additional 141,933 shares during the period. XTX Topco Ltd bought a new position in Albertsons Companies during the 3rd quarter valued at about $324,000. Nomura Asset Management Co. Ltd. boosted its position in Albertsons Companies by 88.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 206,691 shares of the company's stock valued at $3,820,000 after buying an additional 97,244 shares in the last quarter. Geode Capital Management LLC grew its stake in Albertsons Companies by 7.0% during the third quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company's stock worth $167,229,000 after buying an additional 592,711 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Albertsons Companies by 42.8% during the third quarter. Toronto Dominion Bank now owns 47,561 shares of the company's stock worth $879,000 after buying an additional 14,266 shares in the last quarter. Institutional investors own 71.35% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 price target 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 research report on Tuesday, February 4th. Citigroup assumed coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They set a "buy" rating and a $26.00 price target for the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Friday. Finally, Evercore ISI raised their price target 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 equities research 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 a consensus rating of "Moderate Buy" and a consensus target price of $23.50.

Albertsons Companies Stock Down 7.0 %

Shares of NYSE:ACI traded down $1.50 during midday trading on Tuesday, hitting $20.07. The stock had a trading volume of 7,479,473 shares, compared to its average volume of 4,186,339. 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 business's 50-day simple moving average is $21.18 and its 200-day simple moving average is $19.92. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20. The company has a market cap of $11.63 billion, a P/E ratio of 11.27, a PEG ratio of 1.92 and a beta of 0.47.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The business had revenue of $18.80 billion during the quarter, compared to analysts' expectations of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same quarter last year, the company posted $0.54 earnings per share. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.99%. Albertsons Companies's payout ratio is presently 33.71%.

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.