Albertsons Companies, Inc. (NYSE:ACI) Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 4,768.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 774,100 shares of the company's stock after buying an additional 758,200 shares during the period. E. Ohman J or Asset Management AB owned about 0.13% of Albertsons Companies worth $17,022,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capital Advisors Ltd. LLC increased its holdings in Albertsons Companies by 225.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock valued at $27,000 after purchasing an additional 959 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Albertsons Companies by 316.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock valued at $35,000 after purchasing an additional 1,358 shares during the period. WealthCollab LLC increased its holdings in Albertsons Companies by 446.0% in the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock valued at $35,000 after purchasing an additional 1,454 shares during the period. Ossiam acquired a new stake in Albertsons Companies in the fourth quarter valued at $93,000. Finally, CoreCap Advisors LLC increased its holdings in Albertsons Companies by 241,500.0% in the fourth quarter. CoreCap Advisors LLC now owns 4,832 shares of the company's stock valued at $95,000 after purchasing an additional 4,830 shares during the period. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Albertsons Companies 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 transaction, the executive vice president now directly owns 162,569 shares of the company's stock, valued at approximately $3,488,730.74. The trade was a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.26% of the company's stock.

Albertsons Companies Stock Performance

Shares of NYSE:ACI traded down $0.16 during midday trading on Friday, hitting $21.41. The company had a trading volume of 2,886,115 shares, compared to its average volume of 4,686,262. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20. The company has a fifty day moving average of $21.83 and a two-hundred day moving average of $20.78.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The business had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. During the same quarter in the prior year, the firm earned $0.54 EPS. On average, equities research analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently declared 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. This represents a $0.60 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies's dividend payout ratio is presently 36.59%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. BMO Capital Markets upgraded Albertsons Companies from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $19.00 to $25.00 in a report on Wednesday, May 7th. Evercore ISI decreased their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. raised their price target on shares of Albertsons Companies from $24.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Royal Bank of Canada restated an "outperform" rating and set a $23.00 price target on shares of Albertsons Companies in a research note on Wednesday, April 16th. Finally, Tigress Financial lifted their price objective 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. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Albertsons Companies currently has a consensus rating of "Moderate Buy" and an average target price of $24.36.

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.