Tredje AP fonden Has $534,000 Position in Albertsons Companies, Inc. (NYSE:ACI)

Tredje AP fonden lowered its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,170 shares of the company's stock after selling 27,170 shares during the quarter. Tredje AP fonden's holdings in Albertsons Companies were worth $534,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Management Group Inc. lifted its stake in Albertsons Companies by 2.0% in the fourth quarter. Private Management Group Inc. now owns 2,196,484 shares of the company's stock valued at $43,138,000 after buying an additional 43,532 shares during the period. Swiss National Bank increased its stake in shares of Albertsons Companies by 9.2% in the 3rd quarter. Swiss National Bank now owns 1,117,200 shares of the company's stock valued at $20,646,000 after acquiring an additional 94,300 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Albertsons Companies in the 4th quarter valued at approximately $746,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in 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 acquiring an additional 36,154 shares during the last quarter. Finally, K2 Principal Fund L.P. grew its holdings in Albertsons Companies by 68.4% during the third quarter. K2 Principal Fund L.P. now owns 270,501 shares of the company's stock valued at $4,999,000 after purchasing an additional 109,901 shares during the period. 71.35% of the stock is currently owned by institutional investors.

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Albertsons Companies Stock Down 1.7 %

Shares of NYSE ACI traded down $0.39 during trading hours on Wednesday, hitting $21.64. The company had a trading volume of 4,687,974 shares, compared to its average volume of 3,869,953. 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's 50 day moving average is $20.56 and its 200-day moving average is $19.52. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $22.08. The stock has a market capitalization of $12.53 billion, a P/E ratio of 12.15, 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.07. The firm had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 earnings per share. On average, analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were issued a $0.15 dividend. This is an increase from Albertsons Companies's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Friday, January 24th. Albertsons Companies's payout ratio is currently 33.71%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ACI. Telsey Advisory Group reaffirmed an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, March 11th. Royal Bank of Canada raised their price objective on shares of Albertsons Companies from $22.00 to $23.00 and gave the stock an "outperform" rating in a report 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 report on Tuesday, March 11th. The Goldman Sachs Group reissued a "buy" rating and issued a $26.00 price target on shares of Albertsons Companies in a research note on Tuesday, February 4th. Finally, Citigroup assumed coverage on Albertsons Companies in a report on Friday, January 24th. They set a "buy" rating and a $26.00 price objective for the company. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.50.

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.