AQR Capital Management LLC lifted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 438.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 278,009 shares of the company's stock after acquiring an additional 226,419 shares during the quarter. AQR Capital Management LLC's holdings in Albertsons Companies were worth $5,460,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the business. Eagle Bay Advisors LLC grew its position in shares of 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 acquiring an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in Albertsons Companies by 225.1% during the 4th 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. EverSource Wealth Advisors LLC lifted its position in Albertsons Companies by 316.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after purchasing an additional 1,358 shares during the period. Ossiam acquired a new stake in shares of Albertsons Companies in the fourth quarter valued at $93,000. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Albertsons Companies by 91.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock valued at $169,000 after purchasing an additional 4,101 shares in the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.
Albertsons Companies Price Performance
Shares of NYSE ACI traded up $0.16 during midday trading on Friday, reaching $22.48. 4,399,049 shares of the company traded hands, compared to its average volume of 4,525,821. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20. The firm has a market cap of $12.94 billion, a PE ratio of 12.63, a PEG ratio of 1.92 and a beta of 0.47. The stock's 50-day simple moving average is $21.61 and its 200-day simple moving average is $20.37. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93.
Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion for the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same quarter in the previous year, the firm earned $0.54 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 Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were given a dividend of $0.15 per share. The ex-dividend date was Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.67%. Albertsons Companies's payout ratio is currently 36.59%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Albertsons Companies from $24.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Tigress Financial upped their target price on Albertsons Companies from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. UBS Group cut their price target on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Telsey Advisory Group reissued an "outperform" rating and issued a $26.00 price target on shares of Albertsons Companies in a research report on Friday, April 11th. Finally, Citigroup assumed coverage on Albertsons Companies in a research note on Friday, January 24th. They set a "buy" rating and a $26.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Albertsons Companies has an average rating of "Moderate Buy" and an average target price of $24.36.
Get Our Latest Research Report on ACI
Albertsons Companies Profile
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Free Report)
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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