Natixis Decreases Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Natixis decreased its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 97.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,644 shares of the company's stock after selling 152,899 shares during the quarter. Natixis' holdings in Albertsons Companies were worth $72,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Eagle Bay Advisors LLC increased its holdings in Albertsons Companies by 108.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after acquiring an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in shares of Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock valued at $27,000 after purchasing an additional 959 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock valued at $35,000 after buying an additional 1,358 shares in the last quarter. Ossiam purchased a new stake in Albertsons Companies in the 4th quarter worth $93,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in Albertsons Companies by 91.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock valued at $169,000 after acquiring an additional 4,101 shares during the period. Hedge funds and other institutional investors own 71.35% of the company's stock.

Albertsons Companies Trading Up 0.4 %

ACI traded up $0.08 on Thursday, reaching $22.06. 1,066,624 shares of the company traded hands, compared to its average volume of 4,405,540. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The company has a market cap of $12.70 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. The firm has a fifty day simple moving average of $21.40 and a two-hundred day simple moving average of $20.18. Albertsons Companies, Inc. has a one year low of $17.00 and a one year 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 (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 44.70% and a net margin of 1.30%. During the same quarter in the previous year, the business earned $0.54 earnings per share. As a group, equities research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.60 annualized dividend and a dividend yield of 2.72%. Albertsons Companies's dividend payout ratio is currently 36.59%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Telsey Advisory Group reissued an "outperform" rating and set a $26.00 target price on shares of Albertsons Companies in a research note on Friday, April 11th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 4th. Tigress Financial boosted their price target on shares of Albertsons Companies from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Evercore ISI cut their price objective on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research report on Thursday, April 17th. Finally, UBS Group decreased their target price on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.38.

Albertsons Companies Profile

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.