Tredje AP fonden Has $534,000 Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Tredje AP fonden trimmed its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 50.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,170 shares of the company’s stock after selling 27,170 shares during the period. Tredje AP fonden’s holdings in Albertsons Companies were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Private Management Group Inc. increased its holdings in Albertsons Companies by 2.0% during the fourth quarter. Private Management Group Inc. now owns 2,196,484 shares of the company’s stock worth $43,138,000 after buying an additional 43,532 shares during the last quarter. Swiss National Bank increased its holdings in Albertsons Companies by 9.2% during the third quarter. Swiss National Bank now owns 1,117,200 shares of the company’s stock worth $20,646,000 after buying an additional 94,300 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in Albertsons Companies during the fourth quarter worth $746,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Albertsons Companies by 5.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 670,722 shares of the company’s stock worth $12,395,000 after buying an additional 36,154 shares during the last quarter. Finally, K2 Principal Fund L.P. increased its holdings in Albertsons Companies by 68.4% during the third quarter. K2 Principal Fund L.P. now owns 270,501 shares of the company’s stock worth $4,999,000 after buying an additional 109,901 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Trading Down 0.3 %

ACI opened at $21.12 on Friday. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $21.67. The company has a 50-day simple moving average of $20.46 and a 200 day simple moving average of $19.49. 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 stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 1.92 and a beta of 0.50.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.07. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The business had revenue of $18.77 billion during the quarter, compared to analysts’ expectations of $18.82 billion. During the same quarter in the prior year, the business posted $0.79 earnings per share. Albertsons Companies’s revenue was up 1.2% compared to the same quarter last year. Analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were paid a dividend of $0.15 per share. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.60 annualized dividend and a yield of 2.84%. Albertsons Companies’s payout ratio is presently 33.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, March 11th. UBS Group reduced 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. Bank of America assumed coverage on shares of Albertsons Companies in a research report on Friday, December 13th. They set a “neutral” rating and a $22.00 price objective for the company. Evercore ISI lifted their price objective 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, The Goldman Sachs Group reaffirmed a “buy” rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.50.

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.