Toronto Dominion Bank Buys 373,489 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Toronto Dominion Bank lifted its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 785.3% in the fourth quarter, HoldingsChannel reports. The fund owned 421,050 shares of the company’s stock after acquiring an additional 373,489 shares during the period. Toronto Dominion Bank’s holdings in Albertsons Companies were worth $8,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Capital Advisors Ltd. LLC grew its stake in shares of Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock valued at $27,000 after acquiring an additional 959 shares during the period. WealthCollab LLC grew its stake in shares of Albertsons Companies by 446.0% during the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock valued at $35,000 after acquiring an additional 1,454 shares during the period. EverSource Wealth Advisors LLC grew its stake 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 valued at $35,000 after acquiring an additional 1,358 shares during the period. Ossiam bought a new position in shares of Albertsons Companies during the 4th quarter valued at approximately $93,000. Finally, CoreCap Advisors LLC grew its stake in shares of Albertsons Companies by 241,500.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,832 shares of the company’s stock valued at $95,000 after acquiring an additional 4,830 shares during the period. 71.35% of the stock is currently owned by institutional investors.

Insider Activity at Albertsons Companies

In related news, EVP Omer Gajial sold 47,303 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the sale, the executive vice president now owns 162,569 shares in the company, valued at approximately $3,488,730.74. This represents a 22.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ACI has been the subject of a number of recent research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Friday, April 11th. Citigroup initiated coverage on Albertsons Companies in a report on Friday, January 24th. They issued a “buy” rating and a $26.00 price target on the stock. Evercore ISI lowered their price target on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. boosted their price target on Albertsons Companies from $24.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 price target on shares of Albertsons Companies in a report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.36.

Albertsons Companies Stock Up 0.3%

NYSE ACI opened at $22.04 on Thursday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The company has a market capitalization of $12.69 billion, a P/E ratio of 12.38, a P/E/G ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20. The stock has a 50 day moving average price of $21.74 and a 200-day moving average price of $20.54.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The firm 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 prior year, the company earned $0.54 EPS. As a group, equities analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, April 25th. This represents a $0.60 annualized dividend and a yield of 2.72%. Albertsons Companies’s payout ratio is presently 36.59%.

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.