US Bancorp DE Sells 5,442 Shares of Albertsons Companies, Inc. (NYSE:ACI)

US Bancorp DE cut its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 34.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,404 shares of the company’s stock after selling 5,442 shares during the period. US Bancorp DE’s holdings in Albertsons Companies were worth $229,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Parsifal Capital Management LP grew its holdings in shares of Albertsons Companies by 19.4% in the fourth quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company’s stock valued at $200,423,000 after acquiring an additional 1,657,981 shares in the last quarter. Southeastern Asset Management Inc. TN grew its holdings in Albertsons Companies by 108.0% during the fourth quarter. Southeastern Asset Management Inc. TN now owns 5,766,719 shares of the company’s stock valued at $113,258,000 after purchasing an additional 2,993,988 shares during the period. Dimensional Fund Advisors LP grew its holdings in Albertsons Companies by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,636,732 shares of the company’s stock valued at $91,064,000 after purchasing an additional 167,725 shares during the period. Bank of New York Mellon Corp grew its holdings in Albertsons Companies by 35.1% during the first quarter. Bank of New York Mellon Corp now owns 4,573,260 shares of the company’s stock valued at $100,566,000 after purchasing an additional 1,189,103 shares during the period. Finally, Northern Trust Corp grew its holdings in Albertsons Companies by 38.5% during the fourth quarter. Northern Trust Corp now owns 2,786,507 shares of the company’s stock valued at $54,727,000 after purchasing an additional 774,978 shares during the period. 71.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Tigress Financial reissued a “buy” rating and set a $28.00 price objective on shares of Albertsons Companies in a report on Tuesday, July 8th. Wall Street Zen raised Albertsons Companies from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. 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 report on Wednesday, July 23rd. Roth Capital reissued a “buy” rating and set a $24.00 price objective (up from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. Finally, BMO Capital Markets raised Albertsons Companies from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $19.00 to $25.00 in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $24.06.

Albertsons Companies Stock Performance

Shares of ACI opened at $19.08 on Friday. The stock’s 50-day simple moving average is $20.82 and its 200 day simple moving average is $21.20. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 1.95 and a beta of 0.46. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $24.88 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $0.66 earnings per share. Research analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, July 25th. This represents a $0.60 annualized dividend and a yield of 3.1%. Albertsons Companies’s dividend payout ratio (DPR) is currently 36.59%.

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.