MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 1,050.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 653,929 shares of the company's stock after purchasing an additional 597,101 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned 0.11% of Albertsons Companies worth $14,380,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACI. Vanguard Group Inc. grew its holdings in shares of Albertsons Companies by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock valued at $713,131,000 after acquiring an additional 2,347,875 shares in the last quarter. FMR LLC lifted its stake in shares of 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 purchasing an additional 9,308,940 shares during the last quarter. Norges Bank acquired a new stake in shares of Albertsons Companies in the 4th quarter valued at $298,302,000. Parsifal Capital Management LP lifted its position in Albertsons Companies by 19.4% during the 4th quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company's stock worth $200,423,000 after acquiring an additional 1,657,981 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Albertsons Companies by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 9,491,772 shares of the company's stock worth $186,211,000 after acquiring an additional 428,506 shares during the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, EVP Omer Gajial sold 47,303 shares of the firm's stock in a transaction on 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 sale, the executive vice president now directly owns 162,569 shares in the company, valued at $3,488,730.74. This trade represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.26% of the company's stock.
Albertsons Companies Price Performance
Shares of ACI stock opened at $21.19 on Friday. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The firm's 50 day moving average is $21.77 and its 200-day moving average is $20.85. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.92 and a beta of 0.46. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31.
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 (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The firm had revenue of $18.80 billion for the quarter, compared to analysts' expectations of $18.78 billion. During the same period last year, the firm earned $0.54 earnings per share. Sell-side analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.
Albertsons Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.60 annualized dividend and a yield of 2.83%. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.
Analyst Ratings Changes
Several research analysts have recently issued reports on ACI shares. Telsey Advisory Group restated an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a report on Friday, April 11th. Royal Bank of Canada restated an "outperform" rating and set a $23.00 price objective on shares of Albertsons Companies in a report on Wednesday, April 16th. Tigress Financial upped their target price on shares of Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. upped their target price on shares of Albertsons Companies from $24.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, BMO Capital Markets raised shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $19.00 to $25.00 in a research note on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.36.
Check Out Our Latest Analysis on ACI
About Albertsons Companies
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding ACI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Albertsons Companies, Inc. (NYSE:ACI - Free Report).
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