Wellington Management Group LLP Takes Position in Albertsons Companies, Inc. (NYSE:ACI)

Wellington Management Group LLP purchased a new position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 354,490 shares of the company's stock, valued at approximately $6,962,000. Wellington Management Group LLP owned approximately 0.06% of Albertsons Companies at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ACI. Norges Bank purchased a new stake in shares of Albertsons Companies during the fourth quarter valued at about $298,302,000. Vanguard Group Inc. boosted its stake in Albertsons Companies by 6.9% in the fourth 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. Trium Capital LLP purchased a new position in Albertsons Companies in the fourth quarter worth $23,678,000. Raymond James Financial Inc. acquired a new position in shares of Albertsons Companies during the fourth quarter worth $15,544,000. Finally, Geode Capital Management LLC boosted its position in shares of Albertsons Companies by 7.0% in the 3rd 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. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACI has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a research report on Thursday, April 3rd. UBS Group decreased their price objective on shares of Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Evercore ISI boosted their target price 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. Citigroup initiated coverage on shares of Albertsons Companies in a report on Friday, January 24th. They issued a "buy" rating and a $26.00 price target for the company. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Friday. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Albertsons Companies has an average rating of "Moderate Buy" and a consensus target price of $23.50.

Remove Ads

Albertsons Companies Stock Performance

Shares of NYSE ACI traded down $1.74 during midday trading on Tuesday, reaching $19.83. 11,034,766 shares of the stock were exchanged, compared to its average volume of 4,200,323. 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 has a market cap of $11.49 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 1.92 and a beta of 0.47. The firm has a 50-day simple moving average of $21.18 and a two-hundred day simple moving average of $19.92. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20.

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

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.03%. 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.