Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 35.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 320,747 shares of the company's stock after selling 178,490 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.06% of Albertsons Companies worth $6,299,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC increased its holdings in shares of Albertsons Companies by 108.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock valued at $26,000 after purchasing an additional 700 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of Albertsons Companies by 225.1% in the 4th 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 raised its holdings 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 worth $35,000 after acquiring an additional 1,358 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Albertsons Companies by 91.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock worth $169,000 after acquiring an additional 4,101 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Albertsons Companies during the 4th quarter valued at about $179,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Stock Performance

NYSE:ACI remained flat at $22.52 during midday trading on Wednesday. The company had a trading volume of 1,570,283 shares, compared to its average volume of 4,339,349. The business's 50-day simple moving average is $21.23 and its two-hundred day simple moving average is $20.03. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20. The firm has a market cap of $13.05 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The business had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same period in the previous year, the company posted $0.54 earnings per share. As a group, sell-side analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.66%. Albertsons Companies's payout ratio is 36.59%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ACI shares. UBS Group decreased their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Citigroup initiated coverage on Albertsons Companies in a research report on Friday, January 24th. They issued a "buy" rating and a $26.00 price objective for the company. The Goldman Sachs Group restated a "buy" rating and issued a $26.00 price objective on shares of Albertsons Companies in a report on Tuesday, February 4th. Evercore ISI lowered their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Thursday, April 17th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price target on shares of Albertsons Companies in a research note on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.36.

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.