Wolverine Asset Management LLC Decreases Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Wolverine Asset Management LLC trimmed its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 70.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,410 shares of the company's stock after selling 59,422 shares during the quarter. Wolverine Asset Management LLC's holdings in Albertsons Companies were worth $499,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ACI. FMR LLC raised its position in shares of Albertsons Companies by 88.1% during the 3rd 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 period. Geode Capital Management LLC raised its position in shares of Albertsons Companies by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company's stock valued at $167,229,000 after buying an additional 592,711 shares during the period. State Street Corp raised its position in shares of Albertsons Companies by 1.7% during the 3rd quarter. State Street Corp now owns 8,615,413 shares of the company's stock valued at $159,213,000 after buying an additional 141,933 shares during the period. Parsifal Capital Management LP raised 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 valued at $157,946,000 after buying an additional 1,585,899 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Albertsons Companies by 25.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company's stock valued at $114,033,000 after buying an additional 1,239,978 shares during the period. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Stock Performance

NYSE:ACI opened at $20.54 on Monday. 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 company has a fifty day simple moving average of $20.08 and a two-hundred day simple moving average of $19.43. The company has a market cap of $11.90 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.92 and a beta of 0.51. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $21.75.

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

Albertsons Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Friday, January 24th. This is an increase from Albertsons Companies's previous quarterly dividend of $0.12. Albertsons Companies's dividend payout ratio (DPR) is currently 33.71%.

Wall Street Analysts Forecast Growth

ACI has been the topic of several analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and set a $26.00 price target on shares of Albertsons Companies in a research report on Thursday, January 9th. Bank of America initiated coverage on shares of Albertsons Companies in a research report on Friday, December 13th. They set a "neutral" rating and a $22.00 price target on the stock. UBS Group cut their target price on Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. The Goldman Sachs Group reissued a "buy" rating and issued a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 4th. Finally, Evercore ISI boosted their target price on Albertsons Companies from $18.00 to $19.00 and gave the company an "in-line" rating in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.21.

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.

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