Natixis Has $1.96 Million Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Natixis lessened its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 86.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,273 shares of the company’s stock after selling 572,760 shares during the quarter. Natixis’ holdings in Albertsons Companies were worth $1,957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Albertsons Companies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 33,160,009 shares of the company’s stock worth $710,951,000 after buying an additional 335,783 shares during the period. Norges Bank bought a new position in shares of Albertsons Companies during the 4th quarter worth approximately $312,510,000. LSV Asset Management lifted its position in shares of Albertsons Companies by 1.7% during the 1st quarter. LSV Asset Management now owns 5,078,407 shares of the company’s stock worth $108,881,000 after buying an additional 85,707 shares during the period. Alpine Associates Management Inc. lifted its position in shares of Albertsons Companies by 3.1% during the 4th quarter. Alpine Associates Management Inc. now owns 4,401,418 shares of the company’s stock worth $101,233,000 after buying an additional 133,900 shares during the period. Finally, Segantii Capital Management Ltd lifted its position in shares of Albertsons Companies by 23.7% during the 4th quarter. Segantii Capital Management Ltd now owns 4,125,207 shares of the company’s stock worth $94,880,000 after buying an additional 790,207 shares during the period. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Trading Up 0.9 %

Shares of NYSE ACI traded up $0.19 during midday trading on Thursday, hitting $20.38. The stock had a trading volume of 3,605,549 shares, compared to its average volume of 2,934,104. The company’s 50-day simple moving average is $20.05 and its 200 day simple moving average is $20.74. The firm has a market cap of $11.80 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 1.06 and a beta of 0.49. Albertsons Companies, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $23.88. 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 (NYSE:ACI) last released its earnings results on Tuesday, July 23rd. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $24.27 billion during the quarter, compared to analyst estimates of $24.16 billion. Albertsons Companies had a net margin of 1.41% and a return on equity of 58.34%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $0.89 earnings per share. Research analysts anticipate that Albertsons Companies, Inc. will post 2.39 EPS for the current year.

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 26th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.36%. Albertsons Companies’s dividend payout ratio (DPR) is currently 21.52%.

Insider Activity

In other news, CAO Robert Bruce Larson sold 24,362 shares of Albertsons Companies stock in a transaction 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 approximately $1,016,877.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Robert Bruce Larson sold 24,362 shares of Albertsons Companies stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $20.24, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Anuj Dhanda sold 100,000 shares of Albertsons Companies stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $20.35, for a total value of $2,035,000.00. Following 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. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ACI shares. Evercore ISI cut their target price on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Roth Capital upgraded Albertsons Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 23rd. Roth Mkm upgraded Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, April 23rd. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a research report on Thursday, July 18th. Finally, Royal Bank of Canada cut their price objective on Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.45.

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.