Albertsons Companies, Inc. (NYSE:ACI) Stock Holdings Lowered by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ cut its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,835 shares of the company's stock after selling 43,852 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Albertsons Companies were worth $3,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC grew its holdings in shares of 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 in the last quarter. Geode Capital Management LLC grew its holdings in Albertsons Companies by 7.0% in the third quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company's stock valued at $167,229,000 after purchasing an additional 592,711 shares during the period. State Street Corp grew its holdings 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 purchasing an additional 141,933 shares during the period. Parsifal Capital Management LP grew its holdings in Albertsons Companies by 22.8% in the third quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company's stock valued at $157,946,000 after purchasing an additional 1,585,899 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Albertsons Companies by 25.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company's stock valued at $114,033,000 after purchasing an additional 1,239,978 shares during the period. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

ACI has been the topic of a number of recent research reports. Morgan Stanley reduced their price target on shares of Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Wednesday, December 11th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $26.00 price target on shares of Albertsons Companies in a research report on Tuesday, February 4th. Royal Bank of Canada lifted their price target on shares of Albertsons Companies from $22.00 to $23.00 and gave the company an "outperform" rating in a research report on Thursday, March 13th. Evercore ISI lifted their price target 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. Finally, Bank of America initiated coverage on shares of Albertsons Companies in a research report on Friday, December 13th. They set a "neutral" rating and a $22.00 target price on the stock. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Albertsons Companies presently has an average rating of "Moderate Buy" and a consensus target price of $23.50.

Albertsons Companies Stock Performance

ACI stock traded down $0.37 during trading on Thursday, hitting $21.27. 3,977,998 shares of the company's stock traded hands, compared to its average volume of 3,874,902. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $22.05. The stock has a fifty day moving average price of $20.59 and a two-hundred day moving average price of $19.53. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.07. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The firm had revenue of $18.77 billion during the quarter, compared to analyst estimates of $18.82 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were paid a dividend of $0.15 per share. This is a positive change from Albertsons Companies's previous quarterly dividend of $0.12. The ex-dividend date was Friday, January 24th. This represents a $0.60 annualized dividend and a yield of 2.82%. Albertsons Companies's payout ratio is presently 33.71%.

Albertsons Companies Company 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.