Achmea Investment Management B.V. Increases Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Achmea Investment Management B.V. grew its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 322,586 shares of the company's stock after acquiring an additional 16,163 shares during the quarter. Achmea Investment Management B.V. owned about 0.06% of Albertsons Companies worth $7,094,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ACI. EverSource Wealth Advisors LLC grew its position in shares of Albertsons Companies by 316.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after buying an additional 1,358 shares during the last quarter. WealthCollab LLC grew its holdings in Albertsons Companies by 446.0% in the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after purchasing an additional 1,454 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of Albertsons Companies during the first quarter worth $40,000. GAMMA Investing LLC lifted its holdings in shares of Albertsons Companies by 340.1% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock valued at $42,000 after purchasing an additional 1,483 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Albertsons Companies by 54.8% in the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock worth $66,000 after purchasing an additional 1,061 shares in the last quarter. 71.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ACI shares. BMO Capital Markets upgraded Albertsons Companies from a "market perform" rating to an "outperform" rating and increased their price target for the company from $19.00 to $25.00 in a research note on Wednesday, May 7th. Evercore ISI dropped their target price on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Thursday, April 17th. Telsey Advisory Group reiterated an "outperform" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Friday, April 11th. Tigress Financial boosted 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. Finally, UBS Group dropped their target price on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.36.

Insider Activity

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the business's stock in a transaction dated 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 directly owned 162,569 shares in the company, valued at $3,488,730.74. The trade was a 22.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.35% of the company's stock.

Albertsons Companies Price Performance

ACI stock traded up $0.14 during trading on Tuesday, hitting $21.65. The stock had a trading volume of 5,644,273 shares, compared to its average volume of 4,855,159. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20. The company's 50-day moving average price is $21.79 and its two-hundred day moving average price is $21.04. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.90 and a quick ratio of 0.22. The stock has a market capitalization of $12.46 billion, a P/E ratio of 13.20, a PEG ratio of 2.12 and a beta of 0.46.

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 analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion for the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a return on equity of 41.03% and a net margin of 1.19%. During the same quarter last year, the firm posted $0.54 EPS. As a group, research analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.60 annualized dividend and a dividend yield of 2.77%. Albertsons Companies's payout ratio is 36.59%.

Albertsons Companies 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.