Parsifal Capital Management LP Has $200.42 Million Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Parsifal Capital Management LP grew its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 19.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,204,862 shares of the company's stock after purchasing an additional 1,657,981 shares during the period. Albertsons Companies makes up 16.7% of Parsifal Capital Management LP's investment portfolio, making the stock its largest holding. Parsifal Capital Management LP owned approximately 1.76% of Albertsons Companies worth $200,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC boosted its stake in Albertsons Companies by 108.4% during the fourth 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 boosted its stake in Albertsons Companies by 225.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock worth $27,000 after acquiring an additional 959 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Albertsons Companies by 316.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after acquiring an additional 1,358 shares in the last quarter. WealthCollab LLC boosted its stake in Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after acquiring an additional 1,454 shares in the last quarter. Finally, Ossiam bought a new stake in Albertsons Companies during the fourth quarter worth about $93,000. Institutional investors own 71.35% of the company's stock.

Analysts Set New Price Targets

ACI has been the topic of several analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $23.00 target price on shares of Albertsons Companies in a research note on Wednesday, April 16th. JPMorgan Chase & Co. upped their target price on shares of Albertsons Companies from $24.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Telsey Advisory Group reiterated an "outperform" rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Friday, April 11th. Citigroup initiated coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They issued a "buy" rating and a $26.00 target price on the stock. Finally, UBS Group dropped their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.36.

Albertsons Companies Stock Performance

ACI traded down $0.13 during trading on Monday, hitting $21.98. The company's stock had a trading volume of 1,561,999 shares, compared to its average volume of 4,584,888. 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, Inc. has a one year low of $17.00 and a one year high of $23.20. The firm has a market cap of $12.65 billion, a PE ratio of 12.35, a P/E/G ratio of 1.92 and a beta of 0.47. The business's 50 day simple moving average is $21.69 and its 200-day simple moving average is $20.50.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The firm had revenue of $18.80 billion during the quarter, compared to analysts' expectations 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 prior year, the company posted $0.54 earnings per share. As a group, sell-side analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.73%. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

Insider Transactions at Albertsons Companies

In related news, EVP Omer Gajial sold 47,303 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the completion of the transaction, the executive vice president now directly owns 162,569 shares of the company's stock, valued at approximately $3,488,730.74. This trade represents a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.26% of the company's stock.

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.