Albertsons Companies, Inc. (NYSE:ACI) Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV increased its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,232 shares of the company’s stock after buying an additional 891 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Albertsons Companies were worth $941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. OMERS ADMINISTRATION Corp increased its holdings in Albertsons Companies by 22.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 14,677 shares of the company’s stock worth $288,000 after buying an additional 2,682 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Albertsons Companies by 11.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 285,083 shares of the company’s stock worth $5,599,000 after purchasing an additional 30,247 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in Albertsons Companies in the 4th quarter worth approximately $10,749,000. Graham Capital Management L.P. boosted its position in Albertsons Companies by 13.6% in the 4th quarter. Graham Capital Management L.P. now owns 218,547 shares of the company’s stock worth $4,292,000 after purchasing an additional 26,204 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in Albertsons Companies by 33.7% in the 4th quarter. Focus Partners Wealth now owns 66,952 shares of the company’s stock worth $1,315,000 after purchasing an additional 16,871 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Trading Up 0.9%

Shares of ACI stock opened at $22.10 on Monday. The stock’s fifty day moving average is $21.69 and its two-hundred day moving average is $20.50. 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 firm has a market capitalization of $12.72 billion, a P/E ratio of 12.42, a PEG ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion for the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same quarter last year, the firm posted $0.54 EPS. Research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies’s dividend payout ratio (DPR) is presently 36.59%.

Analyst Upgrades and Downgrades

ACI has been the topic of several recent research reports. Evercore ISI lowered their price objective on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Thursday, April 17th. UBS Group lowered their price objective on Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price objective on shares of Albertsons Companies in a research report on Wednesday, April 16th. The Goldman Sachs Group restated a “buy” rating and issued a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, February 4th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 target price on shares of Albertsons Companies in a research report on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Albertsons Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.36.

Insiders Place Their Bets

In related news, EVP Omer Gajial sold 47,303 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 162,569 shares of the company’s stock, valued at approximately $3,488,730.74. This trade represents a 22.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

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.