California Public Employees Retirement System Boosts Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

California Public Employees Retirement System lifted its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,485,145 shares of the company's stock after acquiring an additional 45,158 shares during the quarter. California Public Employees Retirement System owned 0.43% of Albertsons Companies worth $57,158,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Asset Management One Co. Ltd. raised its position in shares of Albertsons Companies by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 107,919 shares of the company's stock worth $2,455,000 after purchasing an additional 519 shares during the last quarter. Verus Capital Partners LLC raised its position in shares of Albertsons Companies by 3.7% during the 3rd quarter. Verus Capital Partners LLC now owns 14,998 shares of the company's stock worth $341,000 after purchasing an additional 540 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in Albertsons Companies by 3.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 16,645 shares of the company's stock valued at $379,000 after acquiring an additional 600 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Albertsons Companies by 0.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 169,902 shares of the company's stock valued at $3,865,000 after acquiring an additional 620 shares during the last quarter. Finally, CI Investments Inc. raised its holdings in Albertsons Companies by 21.8% in the 3rd quarter. CI Investments Inc. now owns 4,373 shares of the company's stock valued at $99,000 after acquiring an additional 783 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ACI. Telsey Advisory Group reiterated a "market perform" rating and issued a $27.25 price objective on shares of Albertsons Companies in a report on Tuesday. Roth Mkm upgraded shares of Albertsons Companies from a "neutral" rating to a "buy" rating and set a $24.00 price objective for the company in a report on Tuesday. Royal Bank of Canada cut their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Tuesday. Roth Capital upgraded shares of Albertsons Companies from a "neutral" rating to a "buy" rating in a report on Tuesday. Finally, Tigress Financial restated a "buy" rating and set a $27.00 price target on shares of Albertsons Companies in a report on Friday, January 12th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Albertsons Companies currently has an average rating of "Moderate Buy" and an average price target of $24.45.

Albertsons Companies Stock Up 1.2 %

ACI stock traded up $0.23 during midday trading on Friday, hitting $20.14. The company's stock had a trading volume of 1,553,317 shares, compared to its average volume of 3,438,037. The company has a quick ratio of 0.19, a current ratio of 0.84 and a debt-to-equity ratio of 2.83. Albertsons Companies, Inc. has a 52-week low of $19.84 and a 52-week high of $23.88. The firm has a market capitalization of $11.63 billion, a P/E ratio of 9.03, a PEG ratio of 0.95 and a beta of 0.50. The firm has a 50-day simple moving average of $20.83 and a 200-day simple moving average of $21.60.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.48 annualized dividend and a yield of 2.38%. Albertsons Companies's dividend payout ratio is presently 21.52%.

Albertsons Companies Company 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.