Resona Asset Management Co. Ltd. Acquires Shares of 113,726 Albertsons Companies, Inc. (NYSE:ACI)

Resona Asset Management Co. Ltd. purchased a new stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 113,726 shares of the company's stock, valued at approximately $2,238,000.

Other large investors also recently modified their holdings of the company. Eagle Bay Advisors LLC increased its holdings in Albertsons Companies by 108.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after purchasing an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in Albertsons Companies by 225.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock valued at $27,000 after buying an additional 959 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after buying an additional 1,358 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Albertsons Companies by 91.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock worth $169,000 after acquiring an additional 4,101 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Albertsons Companies in the 4th quarter valued at approximately $179,000. 71.35% of the stock is currently owned by institutional investors.

Albertsons Companies Stock Down 7.7 %

NYSE ACI traded down $1.67 on Tuesday, hitting $19.90. 6,329,458 shares of the company were exchanged, compared to its average volume of 4,183,086. 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 company has a market cap of $11.53 billion, a PE ratio of 11.10, a PEG ratio of 1.92 and a beta of 0.47. The stock has a fifty day moving average of $21.18 and a 200-day moving average of $19.92. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20.

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Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion for the quarter, compared to analysts' expectations of $18.78 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. During the same quarter in the prior year, the firm earned $0.54 EPS. As a group, analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The company also recently disclosed 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 yield of 3.01%. Albertsons Companies's dividend payout ratio (DPR) is presently 33.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ACI shares. Citigroup started coverage on shares of Albertsons Companies in a report on Friday, January 24th. They set a "buy" rating and a $26.00 price target on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $23.00 price target on shares of Albertsons Companies in a research report on Thursday, April 3rd. The Goldman Sachs Group restated a "buy" rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, February 4th. 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 increased 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. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.