Charles Schwab Investment Management Inc. Has $67.64 Million Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Charles Schwab Investment Management Inc. grew its stake in Albertsons Companies, Inc. (NYSE:ACI) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,075,760 shares of the company’s stock after buying an additional 239,291 shares during the period. Charles Schwab Investment Management Inc. owned 0.53% of Albertsons Companies worth $67,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ACI. Mason Investment Advisory Services Inc. grew its stake in Albertsons Companies by 0.7% during the first quarter. Mason Investment Advisory Services Inc. now owns 78,062 shares of the company’s stock worth $1,717,000 after purchasing an additional 568 shares during the period. Applied Finance Capital Management LLC grew its stake in Albertsons Companies by 5.0% during the first quarter. Applied Finance Capital Management LLC now owns 14,517 shares of the company’s stock worth $319,000 after purchasing an additional 685 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in Albertsons Companies by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company’s stock worth $941,000 after purchasing an additional 891 shares during the period. Fifth Third Bancorp grew its stake in Albertsons Companies by 54.8% during the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company’s stock worth $66,000 after purchasing an additional 1,061 shares during the period. Finally, Rehmann Capital Advisory Group grew its stake in Albertsons Companies by 4.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 24,765 shares of the company’s stock worth $486,000 after purchasing an additional 1,153 shares during the period. Institutional investors and hedge funds own 71.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ACI shares. Barclays started coverage on Albertsons Companies in a research note on Monday, July 21st. They set an “underweight” rating and a $19.00 target price for the company. Roth Capital reaffirmed a “buy” rating and set a $24.00 target price (up previously from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a research note on Wednesday, July 16th. BMO Capital Markets raised Albertsons Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $19.00 to $25.00 in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their price objective on Albertsons Companies from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Albertsons Companies presently has an average rating of “Moderate Buy” and an average target price of $24.06.

Albertsons Companies Trading Down 0.1%

ACI opened at $19.08 on Friday. The business has a 50 day simple moving average of $20.82 and a two-hundred day simple moving average of $21.20. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.95 and a beta of 0.46. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $24.88 billion for the quarter, compared to the consensus estimate of $24.68 billion. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 EPS. Analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies’s dividend payout ratio is presently 36.59%.

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.