Achmea Investment Management B.V. Has $7.09 Million Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Achmea Investment Management B.V. raised its position in Albertsons Companies, Inc. (NYSE:ACI) by 5.3% during the 1st quarter, HoldingsChannel reports. The fund owned 322,586 shares of the company’s stock after buying an additional 16,163 shares during the quarter. Achmea Investment Management B.V.’s holdings in Albertsons Companies were worth $7,094,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Artemis Investment Management LLP acquired a new stake in shares of Albertsons Companies in the first quarter valued at approximately $6,791,000. Perigon Wealth Management LLC grew its position in Albertsons Companies by 11.6% in the first quarter. Perigon Wealth Management LLC now owns 25,680 shares of the company’s stock valued at $565,000 after purchasing an additional 2,666 shares in the last quarter. Bessemer Group Inc. acquired a new stake in Albertsons Companies in the 1st quarter valued at $40,000. Asset Management One Co. Ltd. lifted its position in Albertsons Companies by 9.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 241,727 shares of the company’s stock worth $5,316,000 after buying an additional 20,222 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in Albertsons Companies during the 1st quarter worth about $323,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Insider Activity

In other news, EVP Omer Gajial sold 47,303 shares of Albertsons Companies stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total value of $1,015,122.38. Following the completion of the sale, the executive vice president now directly owns 162,569 shares in the company, valued at approximately $3,488,730.74. The trade was a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.26% of the stock is currently owned by company insiders.

Albertsons Companies Trading Up 0.4%

Shares of ACI stock opened at $21.21 on Friday. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20. The company has a market capitalization of $12.21 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 2.12 and a beta of 0.46. The firm has a 50 day moving average price of $21.81 and a two-hundred day moving average price of $20.99. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.29.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. The business had revenue of $18.80 billion during the quarter, compared to analysts’ expectations of $18.78 billion. Albertsons Companies had a return on equity of 41.03% and a net margin of 1.19%. During the same period last year, the firm posted $0.54 EPS. As a group, analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies’s dividend payout ratio is currently 36.59%.

Analyst Ratings Changes

Several brokerages have recently weighed in on ACI. Evercore ISI decreased their price objective on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Thursday, April 17th. BMO Capital Markets raised Albertsons Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $19.00 to $25.00 in a research report on Wednesday, May 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a $23.00 price objective on shares of Albertsons Companies in a research note on Wednesday, April 16th. Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Albertsons Companies from $24.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.36.

Albertsons Companies 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.