Tucker Asset Management LLC Invests $269,000 in Albertsons Companies, Inc. (NYSE:ACI)

Tucker Asset Management LLC bought a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,709 shares of the company's stock, valued at approximately $269,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Albertsons Companies during the 4th quarter valued at $298,302,000. FMR LLC raised its position in shares of Albertsons Companies by 88.1% during the third quarter. FMR LLC now owns 16,841,582 shares of the company's stock valued at $311,232,000 after buying an additional 7,887,688 shares during the last quarter. Vanguard Group Inc. raised its holdings in Albertsons Companies by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock valued at $713,131,000 after acquiring an additional 2,347,875 shares in the last quarter. Parsifal Capital Management LP lifted its position in shares of Albertsons Companies by 22.8% during the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company's stock worth $157,946,000 after buying an additional 1,585,899 shares during the period. Finally, Trium Capital LLP acquired a new position in shares of Albertsons Companies in the 4th quarter worth approximately $23,678,000. 71.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ACI has been the subject of several analyst reports. UBS Group decreased their target price on Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Morgan Stanley reduced their target price on Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 11th. The Goldman Sachs Group reiterated a "buy" rating and set a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 4th. Evercore ISI increased their price target on shares of Albertsons Companies from $21.00 to $22.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 11th. Finally, Bank of America started coverage on shares of Albertsons Companies in a research report on Friday, December 13th. They issued a "neutral" rating and a $22.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.50.

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Albertsons Companies Trading Up 1.7 %

Albertsons Companies stock traded up $0.37 during midday trading on Monday, hitting $21.99. 7,511,787 shares of the stock were exchanged, compared to its average volume of 4,049,426. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $22.05. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.92 and a beta of 0.50. The stock's 50-day simple moving average is $20.72 and its 200 day simple moving average is $19.65.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.07. The company had revenue of $18.77 billion for the quarter, compared to analysts' expectations of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS. On average, equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.73%. This is a boost from Albertsons Companies's previous quarterly dividend of $0.12. The ex-dividend date was Friday, January 24th. Albertsons Companies's dividend payout ratio (DPR) is presently 33.71%.

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.