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

Swiss National Bank grew its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,117,200 shares of the company's stock after purchasing an additional 94,300 shares during the quarter. Swiss National Bank owned 0.19% of Albertsons Companies worth $20,646,000 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 business. Vanguard Group Inc. raised its holdings in Albertsons Companies by 1.0% during the first quarter. Vanguard Group Inc. now owns 33,160,009 shares of the company's stock worth $710,951,000 after purchasing an additional 335,783 shares in the last quarter. Marshall Wace LLP raised its holdings in Albertsons Companies by 8.0% during the second quarter. Marshall Wace LLP now owns 4,923,324 shares of the company's stock worth $97,236,000 after purchasing an additional 362,813 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Albertsons Companies by 25.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,624,692 shares of the company's stock worth $91,337,000 after purchasing an additional 924,519 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Albertsons Companies by 38.7% during the second quarter. Bank of New York Mellon Corp now owns 3,426,264 shares of the company's stock worth $67,669,000 after purchasing an additional 956,744 shares in the last quarter. Finally, Lubert Adler Management Company LP raised its holdings in Albertsons Companies by 47.1% during the second quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company's stock worth $52,629,000 after purchasing an additional 852,857 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ACI. Melius Research raised shares of Albertsons Companies from a "hold" rating to a "buy" rating and set a $24.00 target price on the stock in a report on Monday, October 21st. BMO Capital Markets cut their target price on shares of Albertsons Companies from $21.00 to $19.00 and set a "market perform" rating on the stock in a report on Wednesday, October 16th. Melius raised shares of Albertsons Companies from a "hold" rating to a "buy" rating and set a $24.00 target price on the stock in a report on Monday, October 21st. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $27.25 target price on shares of Albertsons Companies in a report on Friday, October 11th. Finally, Wells Fargo & Company reaffirmed a "market perform" rating on shares of Albertsons Companies in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $23.58.

Albertsons Companies Price Performance

Shares of NYSE ACI traded up $0.31 during trading on Friday, hitting $19.37. 1,370,128 shares of the company were exchanged, compared to its average volume of 3,031,690. The company has a market cap of $11.22 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.13 and a beta of 0.49. Albertsons Companies, Inc. has a 1 year low of $17.80 and a 1 year high of $23.47. The firm's fifty day moving average price is $18.66 and its 200 day moving average price is $19.54. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its earnings results on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.47 billion. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The business's revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. On average, sell-side analysts expect that Albertsons Companies, Inc. will post 2.13 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were given a dividend of $0.12 per share. The ex-dividend date was Monday, October 28th. This represents a $0.48 annualized dividend and a dividend yield of 2.48%. Albertsons Companies's payout ratio is currently 28.07%.

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.