Albertsons Companies, Inc. (NYSE:ACI) Shares Purchased by Parsifal Capital Management LP

Parsifal Capital Management LP raised its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,204,862 shares of the company's stock after purchasing an additional 1,657,981 shares during the period. Albertsons Companies comprises about 16.7% of Parsifal Capital Management LP's 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 SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Private Management Group Inc. boosted its holdings in shares of Albertsons Companies by 2.0% in the 4th quarter. Private Management Group Inc. now owns 2,196,484 shares of the company's stock valued at $43,138,000 after buying an additional 43,532 shares during the period. Jump Financial LLC bought a new position in Albertsons Companies in the fourth quarter worth about $11,800,000. NINE MASTS CAPITAL Ltd bought a new position in Albertsons Companies in the fourth quarter worth about $746,000. ORBA Wealth Advisors L.L.C. acquired a new position in Albertsons Companies in the fourth quarter valued at approximately $433,000. Finally, Synergy Asset Management LLC bought a new position in shares of Albertsons Companies during the fourth quarter valued at approximately $248,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price target on shares of Albertsons Companies in a report on Wednesday, April 16th. BMO Capital Markets raised Albertsons Companies from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $19.00 to $25.00 in a research report on Wednesday, May 7th. The Goldman Sachs Group reiterated a "buy" rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 4th. Telsey Advisory Group reissued an "outperform" rating and set a $26.00 price target on shares of Albertsons Companies in a report on Friday, April 11th. Finally, Tigress Financial upped their price target on shares of Albertsons Companies from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.36.

Albertsons Companies Stock Performance

Shares of NYSE ACI opened at $21.84 on Wednesday. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The firm has a market cap of $12.57 billion, a P/E ratio of 12.27, a PEG ratio of 1.92 and a beta of 0.47. The stock has a fifty day moving average price of $21.66 and a two-hundred day moving average price of $20.41. 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 announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. The business had revenue of $18.80 billion during 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 prior year, the firm posted $0.54 earnings per share. Research analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies's payout ratio is 36.59%.

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.

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