Worldquant Millennium Advisors LLC Purchases Shares of 76,597 Albertsons Companies, Inc. (NYSE:ACI)

Worldquant Millennium Advisors LLC bought a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 76,597 shares of the company's stock, valued at approximately $1,504,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV increased its stake in shares of Albertsons Companies by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company's stock worth $941,000 after purchasing an additional 891 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in shares of Albertsons Companies by 225.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock valued at $27,000 after purchasing an additional 959 shares in the last quarter. Twin Capital Management Inc. boosted its holdings in shares of Albertsons Companies by 2.9% in the 4th quarter. Twin Capital Management Inc. now owns 40,476 shares of the company's stock valued at $795,000 after purchasing an additional 1,146 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Albertsons Companies by 4.9% in the 4th quarter. Rehmann Capital Advisory Group now owns 24,765 shares of the company's stock valued at $486,000 after purchasing an additional 1,153 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock valued at $35,000 after acquiring an additional 1,358 shares in the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ACI shares. The Goldman Sachs Group reissued a "buy" rating and set a $26.00 price objective on shares of Albertsons Companies in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised their target price on Albertsons Companies from $24.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group lowered their target price on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Evercore ISI lowered their target price on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research report on Thursday, April 17th. Finally, Tigress Financial raised their target price on 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 issued a buy rating to the stock. Based on data from MarketBeat, Albertsons Companies presently has an average rating of "Moderate Buy" and an average price target of $24.36.

Insider Buying and Selling at Albertsons Companies

In other news, EVP Omer Gajial sold 47,303 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total value of $1,015,122.38. Following the transaction, the executive vice president now owns 162,569 shares of the company's stock, valued at approximately $3,488,730.74. This represents a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.26% of the company's stock.

Albertsons Companies Stock Performance

Shares of NYSE ACI traded up $0.02 during midday trading on Wednesday, reaching $22.22. The company's stock had a trading volume of 719,239 shares, compared to its average volume of 4,614,467. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The firm has a 50 day moving average price of $21.76 and a 200-day moving average price of $20.64. The stock has a market capitalization of $12.79 billion, a P/E ratio of 12.48, a PEG ratio of 1.92 and a beta of 0.47.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The business had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $18.78 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, equities 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 was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a yield of 2.70%. 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.