Albertsons Companies, Inc. (NYSE:ACI) Holdings Lowered by Deutsche Bank AG

Deutsche Bank AG decreased its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 43.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,380,947 shares of the company's stock after selling 1,057,148 shares during the period. Deutsche Bank AG owned about 0.24% of Albertsons Companies worth $30,367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACI. LPL Financial LLC increased its stake in Albertsons Companies by 495.3% during the 4th quarter. LPL Financial LLC now owns 81,271 shares of the company's stock worth $1,596,000 after buying an additional 67,618 shares during the period. Wells Fargo & Company MN increased its stake in Albertsons Companies by 201.4% during the 4th quarter. Wells Fargo & Company MN now owns 307,265 shares of the company's stock worth $6,035,000 after buying an additional 205,335 shares during the period. Envestnet Asset Management Inc. increased its stake in Albertsons Companies by 54.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 138,347 shares of the company's stock worth $2,717,000 after buying an additional 48,752 shares during the period. Russell Investments Group Ltd. increased its stake in Albertsons Companies by 75.9% during the 4th quarter. Russell Investments Group Ltd. now owns 259,149 shares of the company's stock worth $5,089,000 after buying an additional 111,842 shares during the period. Finally, Invesco Ltd. increased its stake in Albertsons Companies by 21.1% during the 4th quarter. Invesco Ltd. now owns 962,848 shares of the company's stock worth $18,910,000 after buying an additional 167,439 shares during the period. Hedge funds and other institutional investors own 71.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Roth Capital reaffirmed a "buy" rating and set a $24.00 price target (up previously from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Tigress Financial reissued a "buy" rating and set a $28.00 price objective on shares of Albertsons Companies in a report on Tuesday, July 8th. JPMorgan Chase & Co. decreased their price objective on shares of Albertsons Companies from $31.00 to $29.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. UBS Group raised shares of Albertsons Companies from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $22.00 to $27.00 in a report on Tuesday, July 22nd. Finally, BMO Capital Markets raised shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $19.00 to $25.00 in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued 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 target price of $24.06.

Albertsons Companies Stock Performance

NYSE:ACI traded up $0.13 during mid-day trading on Friday, hitting $19.19. The stock had a trading volume of 4,478,584 shares, compared to its average volume of 6,154,473. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.95 and a beta of 0.46. The company has a 50 day simple moving average of $20.82 and a 200-day simple moving average of $21.20. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $23.20. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, beating 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 net margin of 1.18% and a return on equity of 37.92%. Albertsons Companies's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. On average, research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were given a $0.15 dividend. The ex-dividend date was Friday, July 25th. This represents a $0.60 annualized dividend and a yield of 3.1%. Albertsons Companies's dividend payout ratio (DPR) is currently 36.59%.

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.