DekaBank Deutsche Girozentrale Has $26.40 Million Stake in Albertsons Companies, Inc. (NYSE:ACI)

DekaBank Deutsche Girozentrale grew its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,234,226 shares of the company's stock after purchasing an additional 17,095 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.21% of Albertsons Companies worth $26,398,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of ACI. Norges Bank bought a new stake in Albertsons Companies in the fourth quarter valued at approximately $298,302,000. FMR LLC boosted its holdings 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 in the last quarter. Southeastern Asset Management Inc. TN boosted its holdings in shares of Albertsons Companies by 108.0% during the 4th quarter. Southeastern Asset Management Inc. TN now owns 5,766,719 shares of the company's stock valued at $113,258,000 after acquiring an additional 2,993,988 shares in the last quarter. Dendur Capital LP acquired a new stake in shares of Albertsons Companies during the 4th quarter valued at $49,100,000. Finally, Vanguard Group Inc. boosted 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. Institutional investors and hedge funds own 71.35% of the company's stock.

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 shares were sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the completion of the transaction, the executive vice president directly owned 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 is accessible through the SEC website. 1.35% of the stock is owned by corporate insiders.

Albertsons Companies Stock Down 0.5%

Albertsons Companies stock traded down $0.11 during trading on Friday, reaching $22.18. 1,786,572 shares of the company's stock were exchanged, compared to its average volume of 5,984,507. The company's 50-day moving average is $21.79 and its two-hundred day moving average is $21.16. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.22 and a current ratio of 0.90. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20. The firm has a market cap of $12.77 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 2.26 and a beta of 0.44.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. The firm had revenue of $18.80 billion for the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.54 earnings per share. On average, analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given 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 2.71%. Albertsons Companies's dividend payout ratio is 36.59%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Tigress Financial reaffirmed a "buy" rating and issued a $28.00 target price on shares of Albertsons Companies in a research report on Tuesday. JPMorgan Chase & Co. set a $31.00 target price on Albertsons Companies in a research note on Tuesday. Evercore ISI cut their target price on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research note on Thursday, April 17th. Royal Bank Of Canada reiterated an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a report on Wednesday, April 16th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $24.00 target price on shares of Albertsons Companies in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.21.

Albertsons Companies Company 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.