Albertsons Companies, Inc. (NYSE:ACI) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,727 shares of the company's stock after acquiring an additional 20,222 shares during the period. Asset Management One Co. Ltd.'s holdings in Albertsons Companies were worth $5,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACI. Norges Bank bought a new position in Albertsons Companies during the 4th quarter worth about $298,302,000. FMR LLC lifted its position in shares of Albertsons Companies by 55.3% during the fourth quarter. FMR LLC now owns 26,150,522 shares of the company's stock valued at $513,596,000 after buying an additional 9,308,940 shares during the last quarter. Southeastern Asset Management Inc. TN lifted its position in shares of 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 valued at $113,258,000 after buying an additional 2,993,988 shares during the last quarter. Dendur Capital LP purchased a new stake in shares of Albertsons Companies during the fourth quarter valued at about $49,100,000. Finally, Vanguard Group Inc. lifted its position in shares of 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 buying an additional 2,347,875 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors.

Insider Transactions at Albertsons Companies

In related 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 sale, the executive vice president now owns 162,569 shares of the company's stock, valued at approximately $3,488,730.74. This trade represents a 22.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

ACI has been the subject of several analyst reports. UBS Group decreased 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. Tigress Financial increased their price target on shares of Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Telsey Advisory Group reissued an "outperform" rating and set a $26.00 price target on shares of Albertsons Companies in a research report on Friday, April 11th. JPMorgan Chase & Co. increased their price target on shares of Albertsons Companies from $24.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $23.00 price objective on shares of Albertsons Companies in a research report 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 stock. Based on data from MarketBeat.com, Albertsons Companies has a consensus rating of "Moderate Buy" and an average target price of $24.36.

Albertsons Companies Stock Performance

NYSE:ACI traded up $0.09 during midday trading on Friday, hitting $21.21. The company's stock had a trading volume of 5,014,727 shares, compared to its average volume of 4,848,271. The firm has a market cap of $12.21 billion, a P/E ratio of 12.93, a P/E/G ratio of 2.12 and a beta of 0.46. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The firm's 50 day moving average is $21.81 and its 200-day moving average is $21.01. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.90 and a quick ratio of 0.22.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The business had revenue of $18.80 billion for 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 quarter last year, the company earned $0.54 EPS. Equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.83%. 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.