Keeley Teton Advisors LLC Sells 54,400 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Keeley Teton Advisors LLC cut its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 46.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,752 shares of the company's stock after selling 54,400 shares during the period. Keeley Teton Advisors LLC's holdings in Albertsons Companies were worth $1,232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Albertsons Companies by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock valued at $713,131,000 after purchasing an additional 2,347,875 shares during the period. FMR LLC grew its position in Albertsons Companies by 55.3% during the fourth quarter. FMR LLC now owns 26,150,522 shares of the company's stock worth $513,596,000 after buying an additional 9,308,940 shares in the last quarter. Norges Bank purchased a new stake in shares of Albertsons Companies in the 4th quarter valued at about $298,302,000. Geode Capital Management LLC boosted its position in shares of Albertsons Companies by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 9,491,772 shares of the company's stock valued at $186,211,000 after acquiring an additional 428,506 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Albertsons Companies by 21.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,465,449 shares of the company's stock worth $146,621,000 after purchasing an additional 1,294,848 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Trading Up 1.8 %

Shares of ACI stock traded up $0.40 during mid-day trading on Monday, reaching $22.11. The stock had a trading volume of 1,633,211 shares, compared to its average volume of 4,307,151. The firm has a market capitalization of $12.81 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. The stock's 50-day moving average price is $21.19 and its two-hundred day moving average price is $19.99. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion for the quarter, compared to the consensus estimate 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 business earned $0.54 EPS. Equities analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, April 25th. Albertsons Companies's payout ratio is 36.59%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ACI shares. Citigroup assumed 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. UBS Group dropped their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Telsey Advisory Group restated an "outperform" rating and set a $26.00 price target on shares of Albertsons Companies in a research report on Friday, April 11th. Evercore ISI cut their price objective on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Thursday. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $26.00 target price 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 given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $23.36.

About Albertsons Companies

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.