Albertsons Companies, Inc. (NYSE:ACI) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank boosted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 785.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 421,050 shares of the company's stock after acquiring an additional 373,489 shares during the quarter. Toronto Dominion Bank owned about 0.07% of Albertsons Companies worth $8,269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACI. Capital Advisors Ltd. LLC increased its stake in Albertsons Companies by 225.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock worth $27,000 after acquiring an additional 959 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Albertsons Companies by 316.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after buying an additional 1,358 shares during the period. WealthCollab LLC boosted its position in shares of Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after buying an additional 1,454 shares during the period. Ossiam purchased a new position in shares of Albertsons Companies during the fourth quarter worth $93,000. Finally, CoreCap Advisors LLC boosted its position in shares of Albertsons Companies by 241,500.0% during the fourth quarter. CoreCap Advisors LLC now owns 4,832 shares of the company's stock worth $95,000 after buying an additional 4,830 shares during the period. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Stock Up 0.2%

NYSE ACI traded up $0.04 during trading on Tuesday, reaching $22.14. 472,297 shares of the company's stock were exchanged, compared to its average volume of 4,612,105. The stock has a market cap of $12.74 billion, a P/E ratio of 12.44, 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 quick ratio of 0.21 and a current ratio of 0.93. The company has a 50 day moving average price of $21.75 and a two-hundred day moving average price of $20.63. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The business had revenue of $18.80 billion for the quarter, compared to analysts' expectations of $18.78 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, equities research analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is 36.59%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ACI shares. JPMorgan Chase & Co. raised their price target on Albertsons Companies from $24.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Telsey Advisory Group restated an "outperform" rating and set a $26.00 price target on shares of Albertsons Companies in a research report on Friday, April 11th. UBS Group lowered their price target 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. Evercore ISI decreased their target price on 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, Tigress Financial lifted their target price on Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Albertsons Companies has a consensus rating of "Moderate Buy" and a consensus price target of $24.36.

Insider Transactions at Albertsons Companies

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 stock was sold at an average price of $21.46, for a total value of $1,015,122.38. Following the completion of the transaction, the executive vice president now directly 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.26% of the company's stock.

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.