LSV Asset Management Buys 283,100 Shares of Albertsons Companies, Inc. (NYSE:ACI)

LSV Asset Management grew its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,992,700 shares of the company's stock after buying an additional 283,100 shares during the quarter. LSV Asset Management owned approximately 0.87% of Albertsons Companies worth $114,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ACI. NBC Securities Inc. acquired a new position in shares of Albertsons Companies during the third quarter worth approximately $28,000. Blue Trust Inc. boosted its stake in Albertsons Companies by 255.1% in the fourth quarter. Blue Trust Inc. now owns 1,463 shares of the company's stock worth $34,000 after purchasing an additional 1,051 shares in the last quarter. Van ECK Associates Corp acquired a new position in Albertsons Companies in the third quarter worth $52,000. CI Investments Inc. boosted its stake in Albertsons Companies by 21.8% in the third quarter. CI Investments Inc. now owns 4,373 shares of the company's stock worth $99,000 after purchasing an additional 783 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC acquired a new position in Albertsons Companies in the third quarter worth $202,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACI has been the topic of several research reports. Evercore ISI cut their price target on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 16th. Tigress Financial reissued a "buy" rating and issued a $27.00 target price on shares of Albertsons Companies in a research note on Friday, January 12th. Roth Mkm raised Albertsons Companies from a "neutral" rating to a "buy" rating and set a $24.00 target price on the stock in a research note on Tuesday, April 23rd. Royal Bank of Canada cut their target price on Albertsons Companies from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 23rd. Finally, Roth Capital raised Albertsons Companies from a "neutral" rating to a "buy" rating in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.45.

Albertsons Companies Trading Down 0.7 %

Shares of Albertsons Companies stock traded down $0.15 during trading hours on Friday, hitting $20.57. The company's stock had a trading volume of 1,421,457 shares, compared to its average volume of 2,791,177. Albertsons Companies, Inc. has a 12 month low of $19.84 and a 12 month high of $23.88. The stock has a 50 day moving average of $20.71 and a 200 day moving average of $21.51. The company has a market capitalization of $11.88 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 1.06 and a beta of 0.51. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.84 and a quick ratio of 0.18.

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 issued a $0.12 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.48 annualized dividend and a dividend yield of 2.33%. Albertsons Companies's dividend payout ratio (DPR) is currently 21.52%.

Insider Buying and Selling

In related news, insider Anuj Dhanda sold 100,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $20.35, for a total transaction of $2,035,000.00. Following the completion of the transaction, the insider now directly owns 365,297 shares in the company, valued at $7,433,793.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Robert Bruce Larson sold 24,362 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $20.24, for a total value of $493,086.88. Following the completion of the sale, the chief accounting officer now directly owns 50,241 shares of the company's stock, valued at $1,016,877.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anuj Dhanda sold 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $20.35, for a total value of $2,035,000.00. Following the completion of the sale, the insider now directly owns 365,297 shares of the company's stock, valued at $7,433,793.95. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

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.