Free Trial

Nuveen Asset Management LLC Decreases Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Albertsons Companies logo with Consumer Staples background

Nuveen Asset Management LLC trimmed its position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 841,089 shares of the company's stock after selling 16,918 shares during the period. Nuveen Asset Management LLC owned about 0.15% of Albertsons Companies worth $16,519,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Albertsons Companies by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock worth $713,131,000 after acquiring an additional 2,347,875 shares during the period. FMR LLC lifted its holdings in shares of Albertsons Companies by 55.3% during the 4th quarter. FMR LLC now owns 26,150,522 shares of the company's stock worth $513,596,000 after acquiring an additional 9,308,940 shares during the period. Norges Bank purchased a new position in shares of Albertsons Companies during the 4th quarter worth about $298,302,000. Geode Capital Management LLC lifted its holdings in shares of Albertsons Companies by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 9,491,772 shares of the company's stock worth $186,211,000 after acquiring an additional 428,506 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Albertsons Companies by 21.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,465,449 shares of the company's stock worth $146,621,000 after acquiring an additional 1,294,848 shares during the period. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Omer Gajial sold 47,303 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 162,569 shares of the company's stock, valued at $3,488,730.74. This represents a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.26% of the stock is owned by corporate insiders.

Albertsons Companies Price Performance

Shares of ACI traded up $0.03 during trading hours on Thursday, hitting $22.18. The stock had a trading volume of 1,428,499 shares, compared to its average volume of 4,622,353. The company's fifty day moving average is $21.78 and its two-hundred day moving average is $20.65. 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 52 week low of $17.00 and a 52 week high of $23.20. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 1.92 and a beta of 0.47.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share (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 analyst estimates 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 last year, the firm earned $0.54 EPS. On average, analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a yield of 2.71%. Albertsons Companies's payout ratio is 36.59%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ACI shares. JPMorgan Chase & Co. increased their price objective on shares of Albertsons Companies from $24.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Evercore ISI dropped their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research report on Thursday, April 17th. Telsey Advisory Group reissued an "outperform" rating and set a $26.00 target price on shares of Albertsons Companies in a research report on Friday, April 11th. BMO Capital Markets raised shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $19.00 to $25.00 in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.36.

View Our Latest Analysis on ACI

About Albertsons Companies

(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.

Read More

Institutional Ownership by Quarter for Albertsons Companies (NYSE:ACI)

Should You Invest $1,000 in Albertsons Companies Right Now?

Before you consider Albertsons Companies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Albertsons Companies wasn't on the list.

While Albertsons Companies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines