New York State Teachers Retirement System Takes $3.66 Million Position in Albertsons Companies, Inc. (NYSE:ACI)

New York State Teachers Retirement System purchased a new position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 166,511 shares of the company's stock, valued at approximately $3,662,000.

Other large investors also recently added to or reduced their stakes in the company. WealthCollab LLC lifted its holdings in Albertsons Companies by 446.0% in the 4th 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. EverSource Wealth Advisors LLC lifted its holdings in Albertsons Companies by 316.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after purchasing an additional 1,358 shares in the last quarter. Bessemer Group Inc. purchased a new position in Albertsons Companies in the 1st quarter worth approximately $40,000. GAMMA Investing LLC lifted its holdings in Albertsons Companies by 340.1% in the 1st 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. Finally, Fifth Third Bancorp lifted its holdings in Albertsons Companies by 54.8% in the 1st 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. 71.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total value of $1,015,122.38. Following the transaction, the executive vice president owned 162,569 shares of the company's stock, valued at $3,488,730.74. This represents a 22.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.35% of the stock is owned by company insiders.

Albertsons Companies Stock Performance

NYSE ACI opened at $22.72 on Tuesday. The company has a market cap of $13.08 billion, a P/E ratio of 13.85, a P/E/G ratio of 2.22 and a beta of 0.44. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.22 and a current ratio of 0.90. The business's 50 day moving average price is $21.78 and its 200-day moving average price is $21.13. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced 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 company had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a return on equity of 41.03% and a net margin of 1.19%. During the same quarter in the prior year, the company posted $0.54 EPS. Sell-side analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.64%. The ex-dividend date was Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

Wall Street Analyst Weigh In

ACI has been the topic of a number of research analyst reports. Evercore ISI lowered their price target on 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 upped their price objective on Albertsons Companies from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $24.00 price objective on shares of Albertsons Companies in a report on Monday. UBS Group decreased their price objective on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $23.00 price objective on shares of Albertsons Companies in a report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $24.21.

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.

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