Treasurer of the State of North Carolina increased its holdings in Albertsons Companies, Inc. (NYSE:ACI – Get Rating) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 73,056 shares of the company’s stock after buying an additional 930 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Albertsons Companies were worth $1,515,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Albertsons Companies by 95.1% during the 3rd quarter. Vanguard Group Inc. now owns 15,614,698 shares of the company’s stock valued at $388,181,000 after buying an additional 7,613,034 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Albertsons Companies during the 3rd quarter valued at about $84,628,000. Nuveen Asset Management LLC raised its stake in Albertsons Companies by 143.0% during the 3rd quarter. Nuveen Asset Management LLC now owns 5,715,062 shares of the company’s stock valued at $142,076,000 after purchasing an additional 3,363,295 shares during the period. Alpine Associates Management Inc. bought a new stake in Albertsons Companies during the 4th quarter valued at approximately $66,686,000. Finally, Segantii Capital Management Ltd bought a new stake in Albertsons Companies during the 4th quarter valued at approximately $56,143,000. 65.58% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Albertsons Companies
In related news, CAO Robert Bruce Larson sold 32,544 shares of the business’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $20.95, for a total transaction of $681,796.80. Following the completion of the transaction, the chief accounting officer now owns 50,241 shares in the company, valued at approximately $1,052,548.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.
Albertsons Companies Stock Performance
Albertsons Companies (NYSE:ACI – Get Rating) last released its earnings results on Tuesday, April 11th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.08. The firm had revenue of $18.27 billion for the quarter, compared to the consensus estimate of $18.16 billion. Albertsons Companies had a return on equity of 68.28% and a net margin of 1.95%. As a group, equities analysts anticipate that Albertsons Companies, Inc. will post 2.72 earnings per share for the current fiscal year.
Albertsons Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Wednesday, April 26th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Tuesday, April 25th. Albertsons Companies’s payout ratio is currently 22.12%.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Albertsons Companies in a research note on Thursday, April 13th. Roth Capital reissued a “neutral” rating on shares of Albertsons Companies in a research note on Monday, April 17th. Telsey Advisory Group reissued a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a research note on Wednesday, April 12th. Finally, Tigress Financial raised Albertsons Companies from a “neutral” rating to a “buy” rating and decreased their target price for the company from $32.00 to $27.00 in a research note on Tuesday, April 25th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.93.
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.
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