Savoir Faire Capital Management L.P. Makes New $441,000 Investment in Albertsons Companies, Inc. (NYSE:ACI)

Savoir Faire Capital Management L.P. bought a new position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,037 shares of the company's stock, valued at approximately $441,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised 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 worth $713,131,000 after buying an additional 2,347,875 shares during the last quarter. FMR LLC increased its stake 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 worth $513,596,000 after acquiring an additional 9,308,940 shares during the period. Norges Bank acquired a new stake in shares of Albertsons Companies in the fourth quarter worth $298,302,000. Parsifal Capital Management LP increased its stake in shares of Albertsons Companies by 19.4% in the fourth quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company's stock worth $200,423,000 after acquiring an additional 1,657,981 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Albertsons Companies by 4.7% in the fourth 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. Hedge funds and other institutional investors own 71.35% of the company's stock.

Albertsons Companies Stock Up 2.9%

NYSE:ACI traded up $0.58 on Tuesday, hitting $20.62. 1,754,150 shares of the company's stock traded hands, compared to its average volume of 5,121,785. The company has a market cap of $11.87 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 2.08 and a beta of 0.44. The firm has a 50-day moving average price of $21.67 and a 200-day moving average price of $21.24. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%. The business had revenue of $24.88 billion during the quarter, compared to analyst estimates of $24.68 billion. During the same period in the prior year, the company posted $0.66 earnings per share. Albertsons Companies's revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Friday, July 25th will be given a $0.15 dividend. The ex-dividend date is Friday, July 25th. This represents a $0.60 dividend on an annualized basis and a yield of 2.91%. Albertsons Companies's payout ratio is 36.59%.

Insider Buying and Selling

In related 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 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. This trade represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.35% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. set a $31.00 price objective on shares of Albertsons Companies in a report on Tuesday, July 8th. Tigress Financial restated a "buy" rating and issued a $28.00 price objective on shares of Albertsons Companies in a report on Tuesday, July 8th. Evercore ISI dropped their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Thursday, April 17th. Barclays started coverage on shares of Albertsons Companies in a research report on Monday. They issued an "underweight" rating and a $19.00 price target for the company. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $24.00 price target on shares of Albertsons Companies in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.19.

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.