Deutsche Bank AG Raises Stake in Albertsons Companies, Inc. (NYSE:ACI)

Deutsche Bank AG increased its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 205.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,438,095 shares of the company's stock after purchasing an additional 1,639,190 shares during the period. Deutsche Bank AG owned 0.42% of Albertsons Companies worth $47,884,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. CoreCap Advisors LLC lifted its holdings in Albertsons Companies by 241,500.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,832 shares of the company's stock worth $95,000 after purchasing an additional 4,830 shares in the last quarter. Crestline Management LP purchased a new position in shares of Albertsons Companies during the 4th quarter valued at $524,000. Cubist Systematic Strategies LLC purchased a new position in shares of Albertsons Companies during the 4th quarter valued at $341,000. Cetera Investment Advisers grew its position in shares of Albertsons Companies by 142.9% during the 4th quarter. Cetera Investment Advisers now owns 59,584 shares of the company's stock valued at $1,170,000 after purchasing an additional 35,051 shares in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Albertsons Companies during the 4th quarter valued at $11,814,000. Hedge funds and other institutional investors own 71.35% of the company's stock.

Albertsons Companies Stock Performance

Albertsons Companies stock opened at $21.84 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $12.57 billion, a PE ratio of 12.27, a P/E/G ratio of 1.92 and a beta of 0.47. The firm has a fifty day simple moving average of $21.66 and a two-hundred day simple moving average of $20.41. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. The business had revenue of $18.80 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.54 earnings per share. Research analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current 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 issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Friday, April 25th. Albertsons Companies's dividend payout ratio is 36.59%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ACI. JPMorgan Chase & Co. boosted their price target on shares of Albertsons Companies from $24.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Citigroup began coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They set a "buy" rating and a $26.00 target price for the company. Tigress Financial lifted their target price on shares of Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. UBS Group dropped their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $24.36.

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.

Want to see what other hedge funds are holding ACI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Albertsons Companies, Inc. (NYSE:ACI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.