State of Alaska Department of Revenue Makes New Investment in Albertsons Companies, Inc. (NYSE:ACI)

State of Alaska Department of Revenue bought a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 47,505 shares of the company's stock, valued at approximately $1,044,000.

Other institutional investors have also recently bought and sold shares of the company. Jump Financial LLC acquired a new position in Albertsons Companies during the fourth quarter worth about $11,800,000. NINE MASTS CAPITAL Ltd bought a new position in Albertsons Companies in the 4th quarter valued at approximately $746,000. Proficio Capital Partners LLC bought a new position in Albertsons Companies in the 4th quarter valued at approximately $243,000. III Capital Management bought a new position in Albertsons Companies in the 4th quarter valued at approximately $5,892,000. Finally, Bayesian Capital Management LP bought a new position in Albertsons Companies in the 4th quarter valued at approximately $232,000. Institutional investors and hedge funds own 71.35% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ACI shares. JPMorgan Chase & Co. raised their price objective on shares of Albertsons Companies from $24.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Tigress Financial raised their price objective on shares of Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, April 24th. UBS Group lowered their price target on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Evercore ISI lowered their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $26.00 price target on shares of Albertsons Companies in a report on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.36.

Albertsons Companies Stock Performance

NYSE:ACI opened at $21.11 on Friday. The company has a fifty day moving average of $21.82 and a 200-day moving average of $20.97. The firm has a market capitalization of $12.15 billion, a P/E ratio of 12.87, a P/E/G ratio of 2.13 and a beta of 0.46. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.29. 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 released its quarterly earnings data 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 analyst estimates of $18.78 billion. Albertsons Companies had a net margin of 1.19% and a return on equity of 41.03%. During the same quarter in the previous year, the business posted $0.54 EPS. As a group, sell-side analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were paid a $0.15 dividend. The ex-dividend date was Friday, April 25th. This represents a $0.60 annualized dividend and a dividend yield of 2.84%. Albertsons Companies's dividend payout ratio is currently 36.59%.

Insider Activity

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were 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 now owns 162,569 shares in the company, valued at approximately $3,488,730.74. The trade was a 22.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.26% of the stock is currently 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.

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