Tudor Investment Corp ET AL Increases Position in Albertsons Companies, Inc. (NYSE:ACI)

Tudor Investment Corp ET AL raised its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 123.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,939 shares of the company's stock after purchasing an additional 236,973 shares during the period. Tudor Investment Corp ET AL owned about 0.07% of Albertsons Companies worth $8,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Management Group Inc. raised its position in shares of Albertsons Companies by 2.0% during the 4th quarter. Private Management Group Inc. now owns 2,196,484 shares of the company's stock worth $43,138,000 after acquiring an additional 43,532 shares in the last quarter. Jump Financial LLC acquired a new position in Albertsons Companies in the fourth quarter valued at $11,800,000. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Albertsons Companies during the fourth quarter worth about $746,000. ORBA Wealth Advisors L.L.C. acquired a new stake in shares of Albertsons Companies during the fourth quarter worth about $433,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Albertsons Companies in the 4th quarter valued at about $248,000. Hedge funds and other institutional investors own 71.35% of the company's stock.

Albertsons Companies Price Performance

Shares of ACI traded down $0.06 on Friday, reaching $21.95. The stock had a trading volume of 4,364,712 shares, compared to its average volume of 4,438,880. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20. The firm has a market capitalization of $12.64 billion, a PE ratio of 12.33, a PEG ratio of 1.92 and a beta of 0.47. The firm has a 50-day moving average of $21.45 and a 200 day moving average of $20.23. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31.

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

Albertsons Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders 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 yield of 2.73%. The ex-dividend date is Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ACI. Royal Bank of Canada reiterated an "outperform" rating and issued a $23.00 price objective on shares of Albertsons Companies in a research note on Wednesday, April 16th. Citigroup began coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They issued a "buy" rating and a $26.00 price objective on the stock. The Goldman Sachs Group reiterated a "buy" rating and set a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 4th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. boosted their target price on Albertsons Companies from $24.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.93.

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.