Swiss National Bank cut its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,035,000 shares of the company's stock after selling 45,100 shares during the period. Swiss National Bank owned approximately 0.18% of Albertsons Companies worth $22,190,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in ACI. Norges Bank acquired a new stake in shares of Albertsons Companies during the fourth quarter worth $312,510,000. Vanguard Group Inc. grew its stake in Albertsons Companies by 9.8% in the third quarter. Vanguard Group Inc. now owns 33,144,018 shares of the company's stock valued at $754,026,000 after acquiring an additional 2,950,786 shares during the period. Segantii Capital Management Ltd grew its stake in Albertsons Companies by 23.7% in the fourth quarter. Segantii Capital Management Ltd now owns 4,125,207 shares of the company's stock valued at $94,880,000 after acquiring an additional 790,207 shares during the period. Calamos Advisors LLC grew its stake in Albertsons Companies by 88.4% in the fourth quarter. Calamos Advisors LLC now owns 1,504,264 shares of the company's stock valued at $34,598,000 after acquiring an additional 705,861 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Albertsons Companies by 40.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,404,574 shares of the company's stock valued at $55,305,000 after acquiring an additional 692,188 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.
Albertsons Companies Stock Up 1.0 %
ACI traded up $0.19 on Tuesday, hitting $19.76. 2,580,246 shares of the company were exchanged, compared to its average volume of 2,928,774. Albertsons Companies, Inc. has a 12 month low of $19.33 and a 12 month high of $23.88. The company has a market cap of $11.44 billion, a PE ratio of 8.78, a PEG ratio of 1.01 and a beta of 0.49. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.18 and a current ratio of 0.84. The stock's fifty day moving average is $20.16 and its 200-day moving average is $20.87.
Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Monday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. Albertsons Companies had a return on equity of 68.02% and a net margin of 1.64%. The business had revenue of $18.34 billion for the quarter, compared to analyst estimates of $18.40 billion. Equities research analysts predict that Albertsons Companies, Inc. will post 2.42 EPS for the current fiscal year.
Albertsons Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 26th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, July 26th. This represents a $0.48 annualized dividend and a yield of 2.43%. Albertsons Companies's payout ratio is presently 21.52%.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Evercore ISI decreased their target price on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Tuesday, April 16th. Royal Bank of Canada cut their price target on Albertsons Companies from $23.00 to $22.00 and set an "outperform" rating on the stock in a report on Tuesday, April 23rd. Roth Capital upgraded Albertsons Companies from a "neutral" rating to a "buy" rating in a report on Tuesday, April 23rd. Roth Mkm upgraded Albertsons Companies from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a report on Tuesday, April 23rd. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $27.25 price target on shares of Albertsons Companies in a report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.45.
Read Our Latest Report on Albertsons Companies
Insider Buying and Selling
In related news, CAO Robert Bruce Larson sold 24,362 shares of the company's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $20.24, for a total transaction of $493,086.88. Following the sale, the chief accounting officer now owns 50,241 shares in the company, valued at $1,016,877.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Albertsons Companies news, insider Anuj Dhanda sold 100,000 shares of the company's stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $20.35, for a total value of $2,035,000.00. Following the sale, the insider now owns 365,297 shares in the company, valued at $7,433,793.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Robert Bruce Larson sold 24,362 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $20.24, for a total value of $493,086.88. Following the completion of the sale, the chief accounting officer now owns 50,241 shares in the company, valued at approximately $1,016,877.84. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.
Albertsons Companies Profile
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Free Report)
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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