Xponance Inc. Has $1.66 Million Position in Albertsons Companies, Inc. (NYSE:ACI)

Xponance Inc. increased its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 60.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,658 shares of the company's stock after purchasing an additional 28,514 shares during the period. Xponance Inc.'s holdings in Albertsons Companies were worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Albertsons Companies by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock worth $713,131,000 after purchasing an additional 2,347,875 shares during the last quarter. FMR LLC raised its holdings in Albertsons Companies by 55.3% in the 4th quarter. FMR LLC now owns 26,150,522 shares of the company's stock valued at $513,596,000 after acquiring an additional 9,308,940 shares in the last quarter. Norges Bank acquired a new position in Albertsons Companies in the 4th quarter valued at $298,302,000. Parsifal Capital Management LP raised its holdings in Albertsons Companies by 19.4% in the 4th quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company's stock valued at $200,423,000 after acquiring an additional 1,657,981 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Albertsons Companies by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 9,491,772 shares of the company's stock valued at $186,211,000 after acquiring an additional 428,506 shares in the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Albertsons Companies

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of Albertsons Companies 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 completion of the sale, the executive vice president directly owned 162,569 shares of the company's stock, valued at approximately $3,488,730.74. The trade was a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ACI. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $24.00 price objective on shares of Albertsons Companies in a report on Wednesday. Evercore ISI dropped their price objective on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. set a $31.00 price target on Albertsons Companies in a report on Tuesday, July 8th. Royal Bank Of Canada reissued an "outperform" rating and set a $23.00 price target on shares of Albertsons Companies in a report on Wednesday, April 16th. Finally, Roth Capital reissued a "buy" rating and set a $24.00 price target (up previously from $23.00) on shares of Albertsons Companies in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Albertsons Companies presently has a consensus rating of "Moderate Buy" and an average price target of $24.20.

Albertsons Companies Trading Down 2.2%

NYSE:ACI traded down $0.47 on Wednesday, reaching $20.54. 10,889,762 shares of the stock traded hands, compared to its average volume of 5,060,885. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.29. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20. The company's 50 day moving average is $21.79 and its 200-day moving average is $21.22. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 2.24 and a beta of 0.44.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The business had revenue of $24.88 billion during the quarter, compared to the consensus estimate of $24.68 billion. Albertsons Companies had a net margin of 1.19% and a return on equity of 41.03%. Albertsons Companies's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. Equities research analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, July 25th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Friday, July 25th. Albertsons Companies's dividend payout ratio (DPR) 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.