Nordea Investment Management AB Has $308,000 Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Nordea Investment Management AB lifted its holdings in Albertsons Companies, Inc. (NYSE:ACIFree Report) by 8.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,454 shares of the company’s stock after acquiring an additional 1,041 shares during the quarter. Nordea Investment Management AB’s holdings in Albertsons Companies were worth $308,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in Albertsons Companies during the third quarter valued at $28,000. UniSuper Management Pty Ltd acquired a new stake in Albertsons Companies during the second quarter valued at $46,000. Resurgent Financial Advisors LLC acquired a new stake in Albertsons Companies during the fourth quarter valued at $45,000. Great West Life Assurance Co. Can acquired a new stake in Albertsons Companies during the first quarter valued at $77,000. Finally, Van ECK Associates Corp acquired a new stake in Albertsons Companies during the third quarter valued at $52,000. Institutional investors and hedge funds own 68.64% of the company’s stock.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $21.35 on Wednesday. Albertsons Companies, Inc. has a fifty-two week low of $19.88 and a fifty-two week high of $23.88. The business has a 50-day moving average of $21.18 and a two-hundred day moving average of $21.95. The stock has a market capitalization of $12.30 billion, a P/E ratio of 9.12, a P/E/G ratio of 0.98 and a beta of 0.49. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.85 and a quick ratio of 0.19.

Albertsons Companies (NYSE:ACIGet Free Report) last announced its quarterly earnings results on Tuesday, January 9th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. Albertsons Companies had a return on equity of 83.38% and a net margin of 1.71%. The company had revenue of $18.56 billion during the quarter, compared to analysts’ expectations of $18.36 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that Albertsons Companies, Inc. will post 2.75 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 26th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.25%. Albertsons Companies’s payout ratio is presently 20.51%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and set a $24.00 price objective on shares of Albertsons Companies in a research report on Tuesday, February 13th. Tigress Financial reissued a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a research report on Friday, January 12th. Roth Mkm lifted their price objective on Albertsons Companies from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a research report on Thursday, January 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.56.

Read Our Latest Report on ACI

About Albertsons Companies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Albertsons Companies (NYSE:ACI)

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