Wolverine Asset Management LLC Has $499,000 Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Wolverine Asset Management LLC decreased its position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 70.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,410 shares of the company's stock after selling 59,422 shares during the quarter. Wolverine Asset Management LLC's holdings in Albertsons Companies were worth $499,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the business. Eagle Bay Advisors LLC lifted its position 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 worth $26,000 after buying an additional 700 shares during the last quarter. Signaturefd LLC boosted its stake in Albertsons Companies by 76.8% during the 3rd quarter. Signaturefd LLC now owns 4,181 shares of the company's stock valued at $77,000 after purchasing an additional 1,816 shares during the period. R Squared Ltd acquired a new position in Albertsons Companies during the 4th quarter valued at $179,000. Assenagon Asset Management S.A. bought a new stake in shares of Albertsons Companies during the third quarter valued at approximately $185,000. Finally, DGS Capital Management LLC bought a new stake in Albertsons Companies in the 3rd quarter valued at $199,000. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Stock Performance

NYSE ACI traded up $0.14 on Thursday, reaching $20.83. The stock had a trading volume of 3,221,432 shares, compared to its average volume of 5,256,316. The firm has a fifty day moving average of $20.15 and a two-hundred day moving average of $19.45. The company has a market cap of $12.07 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 1.92 and a beta of 0.51. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $21.67. 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 (NYSE:ACI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.07. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The business had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. During the same quarter last year, the business posted $0.79 EPS. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Friday, January 24th. This is a positive change from Albertsons Companies's previous quarterly dividend of $0.12. Albertsons Companies's dividend payout ratio (DPR) is 33.71%.

Wall Street Analysts Forecast Growth

ACI has been the subject of a number of recent analyst reports. Bank of America started coverage on Albertsons Companies in a report on Friday, December 13th. They set a "neutral" rating and a $22.00 price target for the company. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 price target on shares of Albertsons Companies in a report on Tuesday, January 7th. Morgan Stanley dropped their price objective on shares of Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating for the company in a research report on Wednesday, December 11th. Citigroup assumed coverage on Albertsons Companies in a research note on Friday, January 24th. They set a "buy" rating and a $26.00 price target on the stock. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.21.

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.