Albertsons Companies, Inc. (NYSE:ACI) Shares Bought by State Street Corp

State Street Corp raised its position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 1.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,615,413 shares of the company's stock after acquiring an additional 141,933 shares during the period. State Street Corp owned approximately 1.49% of Albertsons Companies worth $159,213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Swiss National Bank raised its holdings in Albertsons Companies by 9.2% during the third quarter. Swiss National Bank now owns 1,117,200 shares of the company's stock worth $20,646,000 after purchasing an additional 94,300 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Albertsons Companies by 5.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 670,722 shares of the company's stock worth $12,395,000 after buying an additional 36,154 shares in the last quarter. Lubert Adler Management Company LP raised its stake in shares of Albertsons Companies by 47.1% during the 2nd quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company's stock worth $52,629,000 after buying an additional 852,857 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Albertsons Companies in the 3rd quarter valued at approximately $1,113,000. Finally, Athos Capital Ltd boosted its stake in shares of Albertsons Companies by 10.8% in the third quarter. Athos Capital Ltd now owns 445,262 shares of the company's stock valued at $8,228,000 after buying an additional 43,400 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

Albertsons Companies Price Performance

NYSE:ACI traded up $0.38 during trading hours on Friday, reaching $19.50. 10,440,304 shares of the company traded hands, compared to its average volume of 3,244,013. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22. The firm's 50-day moving average is $18.87 and its 200-day moving average is $19.39. The stock has a market cap of $11.30 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.07 and a beta of 0.51. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.47.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same quarter last year, the company earned $0.60 earnings per share. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts expect that Albertsons Companies, Inc. will post 2.13 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Monday, October 28th. Albertsons Companies's dividend payout ratio is presently 28.07%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets reduced their target price on Albertsons Companies from $21.00 to $19.00 and set a "market perform" rating for the company in a report on Wednesday, October 16th. Melius Research upgraded shares of Albertsons Companies from a "hold" rating to a "buy" rating and set a $24.00 price objective for the company in a research note on Monday, October 21st. Bank of America assumed coverage on shares of Albertsons Companies in a report on Friday. They set a "neutral" rating and a $22.00 price objective on the stock. Wells Fargo & Company reaffirmed a "market perform" rating on shares of Albertsons Companies in a report on Friday, October 18th. Finally, Morgan Stanley decreased their price target on Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Albertsons Companies currently has an average rating of "Moderate Buy" and a consensus price target of $22.09.

About Albertsons Companies

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.