Quantinno Capital Management LP Buys Shares of 16,779 Albertsons Companies, Inc. (NYSE:ACI)

Quantinno Capital Management LP purchased a new position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,779 shares of the company's stock, valued at approximately $330,000.

Several other large investors also recently bought and sold shares of ACI. Vanguard Group Inc. lifted its stake in Albertsons Companies by 6.9% in the fourth 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 increased its holdings in shares of Albertsons Companies by 55.3% during the fourth quarter. FMR LLC now owns 26,150,522 shares of the company's stock valued at $513,596,000 after acquiring an additional 9,308,940 shares in the last quarter. Norges Bank acquired a new position in Albertsons Companies in the 4th quarter worth approximately $298,302,000. Parsifal Capital Management LP increased its holdings in Albertsons Companies by 19.4% in the 4th quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company's stock worth $200,423,000 after buying an additional 1,657,981 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Albertsons Companies by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 9,491,772 shares of the company's stock worth $186,211,000 after buying an additional 428,506 shares during the period. Institutional investors own 71.35% of the company's stock.

Albertsons Companies Stock Performance

Shares of NYSE:ACI traded down $0.04 during trading on Wednesday, reaching $22.16. The company had a trading volume of 2,848,734 shares, compared to its average volume of 4,622,547. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. 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 stock's fifty day moving average price is $21.76 and its 200 day moving average price is $20.64. 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 released its 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 business had revenue of $18.80 billion for the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same quarter in the previous year, the company posted $0.54 earnings per share. As a group, equities research analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Announces Dividend

The firm also recently disclosed 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. This represents a $0.60 dividend on an annualized basis and a yield of 2.71%. 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 brokerages have recently commented on ACI. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 price objective on shares of Albertsons Companies in a research note on Wednesday, April 16th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 4th. BMO Capital Markets raised Albertsons Companies from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $19.00 to $25.00 in a research note on Wednesday, May 7th. UBS Group cut their price objective on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Tigress Financial lifted their target price on Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Albertsons Companies currently has a consensus rating of "Moderate Buy" and an average price target of $24.36.

Insider Buying and Selling

In related 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 transaction of $1,015,122.38. Following 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 1.26% of the stock is currently owned by corporate insiders.

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.