Albertsons Companies, Inc. (NYSE:ACI) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 156.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,193,031 shares of the company's stock after purchasing an additional 728,068 shares during the quarter. Rhumbline Advisers owned 0.21% of Albertsons Companies worth $26,235,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Albertsons Companies during the 4th quarter worth approximately $298,302,000. FMR LLC increased 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 worth $513,596,000 after acquiring an additional 9,308,940 shares in the last quarter. Southeastern Asset Management Inc. TN raised its position in Albertsons Companies by 108.0% during the fourth quarter. Southeastern Asset Management Inc. TN now owns 5,766,719 shares of the company's stock worth $113,258,000 after acquiring an additional 2,993,988 shares during the period. Dendur Capital LP acquired a new position in Albertsons Companies during the fourth quarter worth $49,100,000. Finally, Vanguard Group Inc. lifted its holdings in Albertsons Companies by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock valued at $713,131,000 after purchasing an additional 2,347,875 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

Analysts Set New Price Targets

ACI has been the subject of a number of research reports. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a research note on Wednesday, April 16th. Evercore ISI lowered their price objective on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Thursday, April 17th. Telsey Advisory Group reiterated an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Friday, April 11th. Tigress Financial raised their target price on 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 lowered their price target on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.36.

Insider Activity

In related news, EVP Omer Gajial sold 47,303 shares of the stock in a transaction that occurred on 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 now directly owns 162,569 shares in the company, valued at approximately $3,488,730.74. This represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.26% of the company's stock.

Albertsons Companies Trading Down 0.7%

NYSE ACI traded down $0.16 on Friday, reaching $21.41. 2,886,115 shares of the company were exchanged, compared to its average volume of 4,686,261. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. The business's fifty day moving average price is $21.85 and its 200 day moving average price is $20.76. The stock has a market capitalization of $12.33 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the company posted $0.54 EPS. Analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

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 2.80%. 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.