Mutual of America Capital Management LLC acquired a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 208,737 shares of the company's stock, valued at approximately $4,590,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. WealthCollab LLC grew its holdings in shares of Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after purchasing an additional 1,454 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of Albertsons Companies during the first quarter worth about $40,000. GAMMA Investing LLC grew its holdings in shares of Albertsons Companies by 340.1% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after purchasing an additional 1,483 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Albertsons Companies by 54.8% during the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock worth $66,000 after purchasing an additional 1,061 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Albertsons Companies by 100.0% during the first quarter. Blue Trust Inc. now owns 3,370 shares of the company's stock worth $74,000 after purchasing an additional 1,685 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.
Albertsons Companies Trading Up 0.6%
ACI stock traded up $0.12 on Tuesday, reaching $19.48. The company's stock had a trading volume of 3,160,831 shares, compared to its average volume of 6,142,304. The business has a fifty day simple moving average of $20.96 and a two-hundred day simple moving average of $21.23. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20. The firm has a market cap of $10.90 billion, a PE ratio of 11.88, a PEG ratio of 2.02 and a beta of 0.46. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82.
Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%. The company had revenue of $24.88 billion during the quarter, compared to analyst estimates of $24.68 billion. During the same quarter last year, the firm posted $0.66 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. As a group, research analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current year.
Albertsons Companies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $0.60 dividend on an annualized basis and a yield of 3.1%. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.
Analyst Ratings Changes
ACI has been the subject of several research reports. Wall Street Zen raised Albertsons Companies from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $24.00 target price on shares of Albertsons Companies in a research note on Wednesday, July 16th. Evercore ISI cut their target price on 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. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $23.00 target price on shares of Albertsons Companies in a research note on Wednesday, April 16th. Finally, UBS Group raised Albertsons Companies from a "neutral" rating to a "buy" rating and upped their target price for the stock from $22.00 to $27.00 in a research note on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.06.
Read Our Latest Report on Albertsons Companies
Insider Buying and Selling
In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.35% of the stock is owned by insiders.
Albertsons Companies Company Profile
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Free Report)
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.
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