Rehmann Capital Advisory Group Raises Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Rehmann Capital Advisory Group increased its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 62.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,344 shares of the company's stock after purchasing an additional 15,579 shares during the quarter. Rehmann Capital Advisory Group's holdings in Albertsons Companies were worth $887,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake 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 purchasing an additional 2,347,875 shares during the last quarter. FMR LLC lifted its stake 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 purchasing an additional 9,308,940 shares during the last quarter. Norges Bank purchased a new stake in shares of Albertsons Companies during the 4th quarter worth $298,302,000. Parsifal Capital Management LP raised its stake in Albertsons Companies by 19.4% in the fourth quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company's stock valued at $200,423,000 after buying an additional 1,657,981 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Albertsons Companies by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 9,491,772 shares of the company's stock valued at $186,211,000 after buying an additional 428,506 shares during the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on ACI shares. JPMorgan Chase & Co. set a $31.00 price target on Albertsons Companies in a research note on Tuesday. UBS Group decreased their price target on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Tigress Financial reiterated a "buy" rating and issued a $28.00 price target on shares of Albertsons Companies in a research note on Tuesday. Telsey Advisory Group reiterated an "outperform" rating and issued a $24.00 price target on shares of Albertsons Companies in a research note on Monday. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $23.00 price target on shares of Albertsons Companies in a research note on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.21.

Insider Activity at Albertsons Companies

In other news, EVP Omer Gajial sold 47,303 shares of the business'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 sale, the executive vice president directly owned 162,569 shares in the company, valued at $3,488,730.74. The trade was a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.35% of the stock is owned by company insiders.

Albertsons Companies Stock Up 0.7%

Shares of ACI stock opened at $22.31 on Thursday. The stock has a 50 day moving average of $21.79 and a 200 day moving average of $21.15. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.29. The stock has a market cap of $12.84 billion, a P/E ratio of 13.60, a P/E/G ratio of 2.25 and a beta of 0.44. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20.

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 for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $18.80 billion during the quarter, compared to analysts' expectations of $18.78 billion. Albertsons Companies had a return on equity of 41.03% and a net margin of 1.19%. During the same period last year, the business earned $0.54 earnings per share. As a group, sell-side analysts expect 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. Stockholders of record on Friday, April 25th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

About Albertsons Companies

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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