Albertsons Companies, Inc. (NYSE:ACI) Shares Acquired by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group raised its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 62.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,344 shares of the company's stock after acquiring 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 made changes to their positions in ACI. Norges Bank acquired a new position in shares of Albertsons Companies during the fourth quarter valued at approximately $298,302,000. FMR LLC increased its holdings in shares of Albertsons Companies by 55.3% in the fourth quarter. FMR LLC now owns 26,150,522 shares of the company's stock valued at $513,596,000 after purchasing an additional 9,308,940 shares during the last quarter. Southeastern Asset Management Inc. TN increased its holdings in shares of Albertsons Companies by 108.0% in the fourth quarter. Southeastern Asset Management Inc. TN now owns 5,766,719 shares of the company's stock valued at $113,258,000 after purchasing an additional 2,993,988 shares during the last quarter. Dendur Capital LP acquired a new stake in shares of Albertsons Companies in the fourth quarter valued at approximately $49,100,000. Finally, Vanguard Group Inc. increased its holdings in shares of Albertsons Companies by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock valued at $713,131,000 after purchasing an additional 2,347,875 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. BMO Capital Markets raised Albertsons Companies from a "market perform" rating to an "outperform" rating and increased their price target for the company from $19.00 to $25.00 in a report on Wednesday, May 7th. Telsey Advisory Group reissued an "outperform" rating and set a $24.00 target price on shares of Albertsons Companies in a research note on Monday. JPMorgan Chase & Co. set a $31.00 target price on Albertsons Companies in a research note on Tuesday. UBS Group cut their target price 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. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a research note on Wednesday, April 16th. 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 data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.21.

Albertsons Companies Trading Down 0.5%

Shares of ACI traded down $0.12 during midday trading on Friday, hitting $22.17. 1,786,572 shares of the stock were exchanged, compared to its average volume of 4,938,155. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20. The stock has a fifty day simple moving average of $21.79 and a 200 day simple moving average of $21.16. The firm has a market cap of $12.76 billion, a P/E ratio of 13.52, a P/E/G ratio of 2.26 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.

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 firm had revenue of $18.80 billion during the quarter, compared to analyst estimates 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 posted $0.54 earnings per share. On average, research analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders 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 was Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is 36.59%.

Insider Transactions at Albertsons Companies

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

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.