Albertsons Companies, Inc. (NYSE:ACI) Position Reduced by Achmea Investment Management B.V.

Achmea Investment Management B.V. reduced its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,423 shares of the company’s stock after selling 82,791 shares during the period. Achmea Investment Management B.V. owned about 0.05% of Albertsons Companies worth $6,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ACI. Eagle Bay Advisors LLC grew its stake in 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 purchasing an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock worth $27,000 after buying an additional 959 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Albertsons Companies by 316.6% in 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 in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Albertsons Companies by 91.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company’s stock valued at $169,000 after acquiring an additional 4,101 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Albertsons Companies during the 4th quarter valued at approximately $179,000. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Up 1.6 %

ACI opened at $21.18 on Friday. The stock’s 50 day moving average price is $20.40 and its 200 day moving average price is $19.49. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The stock has a market cap of $12.27 billion, a P/E ratio of 11.90, a P/E/G ratio of 1.92 and a beta of 0.50. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $21.67.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The company had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.79 earnings per share. As a group, research analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.83%. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, January 24th. Albertsons Companies’s payout ratio is 33.71%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Evercore ISI lifted their price objective on shares of Albertsons Companies from $21.00 to $22.00 and gave the stock an “in-line” rating in a report on Tuesday. Royal Bank of Canada raised their price target on shares of Albertsons Companies from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group lowered their price objective on shares of Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday. Finally, Bank of America initiated coverage on Albertsons Companies in a research note on Friday, December 13th. They issued a “neutral” rating and a $22.00 target price for the company. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

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.