MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 285,083 shares of the company's stock after acquiring an additional 30,247 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Albertsons Companies were worth $5,599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Advisors Ltd. LLC lifted its stake in Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock worth $27,000 after acquiring an additional 959 shares in the last quarter. Twin Capital Management Inc. lifted its position in shares of Albertsons Companies by 2.9% during the fourth quarter. Twin Capital Management Inc. now owns 40,476 shares of the company's stock worth $795,000 after purchasing an additional 1,146 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Albertsons Companies by 4.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 24,765 shares of the company's stock worth $486,000 after purchasing an additional 1,153 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of 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. Finally, WealthCollab LLC grew its holdings in shares of 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 in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Albertsons Companies

In other 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 $3,488,730.74. The trade was a 22.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.26% of the stock is owned by corporate insiders.

Albertsons Companies Stock Down 1.0%

Shares of ACI traded down $0.22 during mid-day trading on Thursday, reaching $21.82. The company's stock had a trading volume of 2,878,655 shares, compared to its average volume of 4,600,566. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20. The stock has a market cap of $12.56 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. The company's 50 day moving average is $21.74 and its 200 day moving average is $20.54.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. The firm had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same period in the prior year, the company posted $0.54 earnings per share. Equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a $0.15 dividend. The ex-dividend date was Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a yield of 2.75%. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ACI shares. Evercore ISI reduced their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Thursday, April 17th. Tigress Financial increased their price objective on Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Citigroup assumed coverage on Albertsons Companies in a research note on Friday, January 24th. They set a "buy" rating and a $26.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and set a $23.00 price target on shares of Albertsons Companies in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.