Water Island Capital LLC Sells 84,190 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Water Island Capital LLC lowered its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,862,712 shares of the company's stock after selling 84,190 shares during the quarter. Albertsons Companies comprises about 4.0% of Water Island Capital LLC's investment portfolio, making the stock its 8th largest position. Water Island Capital LLC owned 0.32% of Albertsons Companies worth $36,584,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ACI. State Street Corp lifted its position in Albertsons Companies by 1.7% during the 3rd quarter. State Street Corp now owns 8,615,413 shares of the company's stock worth $159,213,000 after buying an additional 141,933 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Albertsons Companies in the third quarter worth about $324,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Albertsons Companies by 88.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 206,691 shares of the company's stock worth $3,820,000 after purchasing an additional 97,244 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Albertsons Companies by 7.0% during the third quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company's stock worth $167,229,000 after purchasing an additional 592,711 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Albertsons Companies by 42.8% during the third quarter. Toronto Dominion Bank now owns 47,561 shares of the company's stock valued at $879,000 after purchasing an additional 14,266 shares during the last quarter. Institutional investors own 71.35% of the company's stock.

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Analyst Upgrades and Downgrades

ACI has been the subject of several research analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research report on Friday. Evercore ISI upped their price target on Albertsons Companies from $21.00 to $22.00 and gave the company an "in-line" rating in a research note on Tuesday, March 11th. The Goldman Sachs Group reiterated a "buy" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, February 4th. Royal Bank of Canada restated an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a research report on Thursday, April 3rd. Finally, Citigroup began coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They set a "buy" rating and a $26.00 price target for the company. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $23.50.

Albertsons Companies Trading Down 7.5 %

ACI stock traded down $1.61 during midday trading on Tuesday, hitting $19.96. 16,414,194 shares of the company's stock were exchanged, compared to its average volume of 4,225,045. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20. The stock's fifty day moving average price is $21.17 and its 200-day moving average price is $19.92. The company has a market cap of $11.57 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. The business had revenue of $18.80 billion during the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same period in the previous year, the firm earned $0.54 EPS. Research analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.01%. Albertsons Companies's payout ratio is 33.71%.

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.