Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,063,400 shares of the company's stock after selling 53,800 shares during the quarter. Swiss National Bank owned approximately 0.18% of Albertsons Companies worth $20,885,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Private Management Group Inc. increased its holdings in shares of Albertsons Companies by 2.0% in the 4th quarter. Private Management Group Inc. now owns 2,196,484 shares of the company's stock valued at $43,138,000 after acquiring an additional 43,532 shares during the period. NINE MASTS CAPITAL Ltd acquired a new position in Albertsons Companies in the 4th quarter valued at $746,000. K2 Principal Fund L.P. increased its stake in Albertsons Companies by 68.4% in the 3rd quarter. K2 Principal Fund L.P. now owns 270,501 shares of the company's stock valued at $4,999,000 after buying an additional 109,901 shares during the period. ORBA Wealth Advisors L.L.C. acquired a new position in Albertsons Companies in the 4th quarter valued at $433,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in Albertsons Companies in the 3rd quarter valued at $1,906,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ACI has been the topic of several recent research reports. Royal Bank of Canada boosted their price objective on shares of Albertsons Companies from $22.00 to $23.00 and gave the company an "outperform" rating in a research note on Thursday, March 13th. Evercore ISI boosted their price objective on shares of Albertsons Companies from $21.00 to $22.00 and gave the company an "in-line" rating in a research note on Tuesday, March 11th. UBS Group dropped their price objective on shares of Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. Bank of America began coverage on shares of Albertsons Companies in a research note on Friday, December 13th. They issued a "neutral" rating and a $22.00 price objective on the stock. Finally, The Goldman Sachs Group restated a "buy" rating and set a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $23.50.

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Albertsons Companies Price Performance

Shares of Albertsons Companies stock traded down $0.11 on Friday, hitting $21.17. The company's stock had a trading volume of 7,920,489 shares, compared to its average volume of 3,896,274. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $22.05. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The firm has a fifty day moving average price of $20.65 and a 200-day moving average price of $19.55. The company has a market capitalization of $12.26 billion, a P/E ratio of 11.89, 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 quarterly earnings data on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, topping 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 business had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. During the same period in the previous year, the firm earned $0.79 EPS. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a $0.15 dividend. This is an increase 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 2.83%. 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.