Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co reduced its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,365 shares of the company’s stock after selling 7,070 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Albertsons Companies were worth $518,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Albertsons Companies by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company’s stock valued at $713,131,000 after purchasing an additional 2,347,875 shares during the last quarter. FMR LLC grew its holdings in shares of Albertsons Companies by 88.1% during the third quarter. FMR LLC now owns 16,841,582 shares of the company’s stock worth $311,232,000 after buying an additional 7,887,688 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Albertsons Companies by 7.0% in the third quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company’s stock worth $167,229,000 after buying an additional 592,711 shares in the last quarter. State Street Corp boosted its position in Albertsons Companies by 1.7% during the third quarter. State Street Corp now owns 8,615,413 shares of the company’s stock worth $159,213,000 after acquiring an additional 141,933 shares during the last quarter. Finally, Parsifal Capital Management LP grew its stake in Albertsons Companies by 22.8% during the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock valued at $157,946,000 after acquiring an additional 1,585,899 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Trading Up 2.1 %

ACI opened at $21.61 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The firm has a market cap of $12.52 billion, a P/E ratio of 12.14, a P/E/G ratio of 1.92 and a beta of 0.50. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $22.05. The business has a fifty day simple moving average of $20.72 and a 200-day simple moving average of $19.65.

Albertsons Companies (NYSE:ACI) last released its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.07. The company had revenue of $18.77 billion during the quarter, compared to the consensus estimate of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. Albertsons Companies’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. On average, equities analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.78%. The ex-dividend date was Friday, January 24th. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.12. Albertsons Companies’s dividend payout ratio (DPR) is currently 33.71%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Bank of America began coverage on shares of Albertsons Companies in a research note on Friday, December 13th. They issued a “neutral” rating and a $22.00 target price on the stock. Morgan Stanley lowered their price objective on Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. Citigroup started coverage on Albertsons Companies in a report on Friday, January 24th. They issued a “buy” rating and a $26.00 target price for the company. UBS Group lowered their price target on shares of Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.