Albertsons Companies, Inc. (NYSE:ACI) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,977 shares of the company’s stock after buying an additional 12,205 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Albertsons Companies were worth $2,713,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Asset Management One Co. Ltd. grew its holdings in shares of Albertsons Companies by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 107,919 shares of the company’s stock valued at $2,455,000 after buying an additional 519 shares during the last quarter. Verus Capital Partners LLC boosted its holdings in Albertsons Companies by 3.7% in the third quarter. Verus Capital Partners LLC now owns 14,998 shares of the company’s stock valued at $341,000 after purchasing an additional 540 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in Albertsons Companies by 3.7% in the third quarter. Miracle Mile Advisors LLC now owns 16,645 shares of the company’s stock valued at $379,000 after purchasing an additional 600 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Albertsons Companies by 0.4% in the third quarter. State Board of Administration of Florida Retirement System now owns 169,902 shares of the company’s stock valued at $3,865,000 after purchasing an additional 620 shares during the last quarter. Finally, CI Investments Inc. boosted its holdings in Albertsons Companies by 21.8% in the third quarter. CI Investments Inc. now owns 4,373 shares of the company’s stock valued at $99,000 after purchasing an additional 783 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Trading Down 0.5 %

ACI stock opened at $20.24 on Tuesday. The company’s 50-day simple moving average is $20.90 and its 200-day simple moving average is $21.64. The company has a quick ratio of 0.19, a current ratio of 0.85 and a debt-to-equity ratio of 3.09. Albertsons Companies, Inc. has a 52-week low of $19.88 and a 52-week high of $23.88. The firm has a market cap of $11.66 billion, a P/E ratio of 8.65, a PEG ratio of 0.96 and a beta of 0.50.

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Thursday, April 25th. Albertsons Companies’s payout ratio is currently 20.51%.

Analyst Upgrades and Downgrades

ACI has been the topic of several recent research reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a report on Wednesday, April 17th. Evercore ISI lowered their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Tigress Financial reaffirmed a “buy” rating and issued a $27.00 price target on shares of Albertsons Companies in a report on Friday, January 12th. Roth Mkm increased their target price on shares of Albertsons Companies from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $24.85.

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.