1,205,619 Shares in Albertsons Companies, Inc. (NYSE:ACI) Purchased by Trium Capital LLP

Trium Capital LLP purchased a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,205,619 shares of the company's stock, valued at approximately $23,678,000. Albertsons Companies makes up approximately 3.4% of Trium Capital LLP's portfolio, making the stock its largest holding. Trium Capital LLP owned about 0.21% of Albertsons Companies at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eagle Bay Advisors LLC boosted its stake in Albertsons Companies by 108.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock valued at $26,000 after purchasing an additional 700 shares during the period. Signaturefd LLC increased its position in Albertsons Companies by 76.8% in the 3rd quarter. Signaturefd LLC now owns 4,181 shares of the company's stock valued at $77,000 after acquiring an additional 1,816 shares during the period. Acadian Asset Management LLC bought a new stake in Albertsons Companies during the 2nd quarter valued at $150,000. Assenagon Asset Management S.A. acquired a new position in Albertsons Companies during the 3rd quarter worth $185,000. Finally, DGS Capital Management LLC acquired a new stake in Albertsons Companies in the third quarter worth about $199,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Stock Down 2.9 %

Shares of Albertsons Companies stock traded down $0.59 during midday trading on Friday, reaching $19.62. 7,506,305 shares of the company's stock traded hands, compared to its average volume of 5,543,505. The company has a market cap of $11.36 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 1.16 and a beta of 0.51. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $22.03. The company's 50 day simple moving average is $19.50 and its 200 day simple moving average is $19.33. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.22 and a current ratio of 0.93.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.07. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The company had revenue of $18.77 billion during the quarter, compared to analysts' expectations of $18.82 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The business's quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts expect that Albertsons Companies, Inc. will post 2.16 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, January 24th. This is a positive change from Albertsons Companies's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 3.06%. Albertsons Companies's dividend payout ratio (DPR) is presently 26.97%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ACI. Melius raised shares of Albertsons Companies from a "hold" rating to a "buy" rating and set a $24.00 price target for the company in a research note on Monday, October 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 price objective on shares of Albertsons Companies in a research note on Tuesday, January 7th. Melius Research raised shares of Albertsons Companies from a "hold" rating to a "buy" rating and set a $24.00 target price for the company in a research note on Monday, October 21st. Bank of America began coverage on shares of Albertsons Companies in a research report on Friday, December 13th. They issued a "neutral" rating and a $22.00 price target on the stock. Finally, Wells Fargo & Company reiterated a "market perform" rating on shares of Albertsons Companies in a research report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $22.75.

Albertsons Companies 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.