Zurcher Kantonalbank Zurich Cantonalbank Trims Position in Albertsons Companies, Inc. (NYSE:ACI)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,143 shares of the company's stock after selling 22,034 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Albertsons Companies were worth $4,874,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC raised its holdings in Albertsons Companies by 108.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after purchasing an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Albertsons Companies by 225.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock valued at $27,000 after buying an additional 959 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Albertsons Companies by 91.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock worth $169,000 after buying an additional 4,101 shares in the last quarter. R Squared Ltd purchased a new stake in Albertsons Companies in the fourth quarter worth about $179,000. Finally, DGS Capital Management LLC bought a new stake in Albertsons Companies during the 3rd quarter valued at approximately $199,000. Hedge funds and other institutional investors own 71.35% of the company's stock.

Remove Ads

Albertsons Companies Stock Up 0.4 %

Shares of NYSE:ACI traded up $0.09 during trading on Tuesday, reaching $22.02. 5,592,131 shares of the stock traded hands, compared to its average volume of 3,858,877. The stock has a market cap of $12.76 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The stock has a 50-day moving average of $20.51 and a two-hundred day moving average of $19.50. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $22.04.

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, beating the consensus estimate of $0.64 by $0.07. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The business had revenue of $18.77 billion for the quarter, compared to the consensus estimate of $18.82 billion. During the same period last year, the business posted $0.79 EPS. The company's revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.73%. This is a boost from Albertsons Companies's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, January 24th. Albertsons Companies's payout ratio is presently 33.71%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ACI. 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. Royal Bank of Canada increased their price objective on Albertsons Companies from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Thursday, March 13th. UBS Group dropped their target price on shares of Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. Morgan Stanley decreased their price target on shares of 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. Finally, Citigroup began coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They set a "buy" rating and a $26.00 price objective on the stock. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $23.50.

Albertsons Companies Company 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.