Albertsons Companies, Inc. (NYSE:ACI) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 35.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,573,260 shares of the company's stock after purchasing an additional 1,189,103 shares during the period. Bank of New York Mellon Corp owned about 0.79% of Albertsons Companies worth $100,566,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position 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 worth $35,000 after purchasing an additional 1,358 shares during the last quarter. WealthCollab LLC lifted its position in shares of Albertsons Companies by 446.0% during the 4th 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. purchased a new stake in shares of Albertsons Companies during the 1st quarter worth $40,000. GAMMA Investing LLC lifted its position in Albertsons Companies by 340.1% in the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock valued at $42,000 after acquiring an additional 1,483 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Albertsons Companies by 54.8% in the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock valued at $66,000 after acquiring an additional 1,061 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Stock Performance

Shares of NYSE:ACI traded down $0.16 on Friday, reaching $22.13. The company's stock had a trading volume of 4,407,682 shares, compared to its average volume of 4,957,961. The stock's 50-day moving average is $21.80 and its two-hundred day moving average is $21.18. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20. 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 $12.74 billion, a P/E ratio of 13.49, a PEG ratio of 2.26 and a beta of 0.44.

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 (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. The firm had revenue of $18.80 billion during the quarter, compared to analysts' expectations of $18.78 billion. Albertsons Companies had a net margin of 1.19% and a return on equity of 41.03%. During the same period in the prior year, the company posted $0.54 earnings per share. As a group, sell-side analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors 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 annualized dividend and a yield of 2.71%. Albertsons Companies's dividend payout ratio is currently 36.59%.

Insider Transactions at Albertsons Companies

In related news, EVP Omer Gajial sold 47,303 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the completion of the transaction, the executive vice president directly owned 162,569 shares of the company's stock, valued at $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 is available at this link. 1.35% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ACI has been the subject of a number of research reports. Tigress Financial reissued a "buy" rating and issued a $28.00 price target on shares of Albertsons Companies in a research report on Tuesday. Telsey Advisory Group reissued an "outperform" rating and issued a $24.00 price target on shares of Albertsons Companies in a research report on Monday. UBS Group reduced their price target 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. JPMorgan Chase & Co. set a $31.00 price target on shares of Albertsons Companies in a research report on Tuesday. Finally, BMO Capital Markets raised shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $19.00 to $25.00 in a research report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Albertsons Companies currently has an average rating of "Moderate Buy" and a consensus target price of $24.21.

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.