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

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

Several other hedge funds also recently modified their holdings of ACI. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Albertsons Companies by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company's stock worth $941,000 after acquiring an additional 891 shares during the last quarter. Fifth Third Bancorp grew its holdings 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 acquiring an additional 1,061 shares during the last quarter. Twin Capital Management Inc. grew 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 worth $795,000 after acquiring an additional 1,146 shares during the last quarter. Rehmann Capital Advisory Group grew 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 worth $486,000 after acquiring an additional 1,153 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings 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 acquiring an additional 1,358 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Albertsons Companies

In other news, EVP Omer Gajial sold 47,303 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total value of $1,015,122.38. Following the completion of the transaction, the executive vice president owned 162,569 shares in the company, valued at $3,488,730.74. This trade represents a 22.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ACI. Tigress Financial reaffirmed a "buy" rating and issued a $28.00 target price on shares of Albertsons Companies in a research report on Tuesday, July 8th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $23.00 target price on shares of Albertsons Companies in a research report on Wednesday, April 16th. UBS Group reduced their price objective 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. Telsey Advisory Group reissued an "outperform" rating and set a $24.00 price objective on shares of Albertsons Companies in a research report on Wednesday. Finally, Wall Street Zen cut Albertsons Companies from a "buy" rating to a "hold" rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.20.

Albertsons Companies Price Performance

NYSE ACI traded up $0.23 during trading hours on Friday, reaching $20.47. 7,587,961 shares of the company's stock were exchanged, compared to its average volume of 5,118,534. The firm has a fifty day moving average of $21.67 and a 200-day moving average of $21.22. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20. The company has a current ratio of 0.82, a quick ratio of 0.22 and a debt-to-equity ratio of 2.17. The stock has a market cap of $11.79 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 2.05 and a beta of 0.44.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $24.88 billion for the quarter, compared to the consensus estimate of $24.68 billion. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. On average, equities research analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Friday, July 25th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Friday, July 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 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.