MRP Capital Investments LLC Sells 20,459 Shares of Albertsons Companies, Inc. (NYSE:ACI)

MRP Capital Investments LLC lessened its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 27.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,081 shares of the company's stock after selling 20,459 shares during the quarter. MRP Capital Investments LLC's holdings in Albertsons Companies were worth $1,043,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ACI. FMR LLC raised its holdings in Albertsons Companies by 88.1% during the third quarter. FMR LLC now owns 16,841,582 shares of the company's stock worth $311,232,000 after buying an additional 7,887,688 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 acquiring an additional 592,711 shares in the last quarter. State Street Corp raised its holdings in shares of Albertsons Companies by 1.7% in the 3rd quarter. State Street Corp now owns 8,615,413 shares of the company's stock worth $159,213,000 after acquiring an additional 141,933 shares during the last quarter. Parsifal Capital Management LP raised its holdings in shares of Albertsons Companies by 22.8% in the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company's stock worth $157,946,000 after acquiring an additional 1,585,899 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Albertsons Companies by 25.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company's stock valued at $114,033,000 after acquiring an additional 1,239,978 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Bank of America initiated coverage on Albertsons Companies in a research note on Friday, December 13th. They issued a "neutral" rating and a $22.00 price objective for the company. Evercore ISI increased their price target on Albertsons Companies from $21.00 to $22.00 and gave the company an "in-line" rating in a research report on Tuesday, March 11th. Telsey Advisory Group restated an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, March 11th. UBS Group reduced their target price 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 target price on shares of Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating for the company in a report on Wednesday, December 11th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Albertsons Companies currently has an average rating of "Moderate Buy" and a consensus price target of $23.50.

Albertsons Companies Stock Performance

NYSE ACI traded down $0.01 on Tuesday, hitting $20.79. 4,299,999 shares of the stock traded hands, compared to its average volume of 3,898,258. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The business's fifty day moving average is $20.65 and its two-hundred day moving average is $19.59. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $22.05. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.92 and a beta of 0.50.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. As a group, equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a dividend of $0.15 per share. This is a boost from Albertsons Companies's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, January 24th. Albertsons Companies's dividend 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.