Canada Pension Plan Investment Board Sells 394,800 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Canada Pension Plan Investment Board decreased its position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 41.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 559,600 shares of the company's stock after selling 394,800 shares during the period. Canada Pension Plan Investment Board owned about 0.10% of Albertsons Companies worth $10,991,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Private Management Group Inc. grew its holdings in Albertsons Companies by 2.0% in 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 during the last quarter. Jump Financial LLC bought a new stake in shares of Albertsons Companies in the fourth quarter worth about $11,800,000. NINE MASTS CAPITAL Ltd bought a new stake in shares of Albertsons Companies in the fourth quarter worth about $746,000. ORBA Wealth Advisors L.L.C. purchased a new position in Albertsons Companies during the 4th quarter valued at about $433,000. Finally, Synergy Asset Management LLC bought a new position in Albertsons Companies during the 4th quarter valued at approximately $248,000. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Stock Down 2.1 %

NYSE:ACI traded down $0.46 during trading hours on Friday, reaching $21.90. 5,822,704 shares of the company traded hands, compared to its average volume of 4,379,622. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The stock has a market capitalization of $12.61 billion, a P/E ratio of 12.30, a P/E/G ratio of 1.92 and a beta of 0.47. The business's 50-day moving average price is $21.32 and its two-hundred day moving average price is $20.10. 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 (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, topping analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion for 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 quarter in the previous year, the business posted $0.54 EPS. Analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.60 annualized dividend and a yield of 2.74%. Albertsons Companies's dividend payout ratio is 36.59%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a research note on Wednesday, April 16th. The Goldman Sachs Group reissued a "buy" rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, February 4th. Citigroup started coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They issued a "buy" rating and a $26.00 target price for the company. UBS Group reduced their price target on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Evercore ISI lowered their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $23.38.

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.