Nissay Asset Management Corp Japan ADV Purchases 891 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Nissay Asset Management Corp Japan ADV raised its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,232 shares of the company’s stock after acquiring an additional 891 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Albertsons Companies were worth $941,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Private Management Group Inc. increased its position in Albertsons Companies by 2.0% during the fourth quarter. Private Management Group Inc. now owns 2,196,484 shares of the company’s stock valued at $43,138,000 after acquiring an additional 43,532 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Albertsons Companies during the fourth quarter valued at $11,800,000. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Albertsons Companies during the fourth quarter valued at $746,000. ORBA Wealth Advisors L.L.C. purchased a new stake in shares of Albertsons Companies during the fourth quarter valued at $433,000. Finally, Econ Financial Services Corp purchased a new stake in shares of Albertsons Companies during the fourth quarter valued at $499,000. Institutional investors own 71.35% of the company’s stock.

Insider Buying and Selling at Albertsons Companies

In other news, EVP Omer Gajial sold 47,303 shares of the company’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the transaction, the executive vice president now owns 162,569 shares in the company, valued at $3,488,730.74. This represents a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.26% of the company’s stock.

Albertsons Companies Stock Performance

ACI stock opened at $22.10 on Monday. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.92 and a beta of 0.47. The firm has a 50-day simple moving average of $21.69 and a two-hundred day simple moving average of $20.50. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The business had revenue of $18.80 billion during the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. During the same period in the prior year, the firm posted $0.54 earnings per share. On average, equities analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies’s payout ratio is 36.59%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ACI shares. Citigroup started coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They set a “buy” rating and a $26.00 target price for the company. Evercore ISI lowered their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada reissued an “outperform” rating and set a $23.00 target price on shares of Albertsons Companies in a research note on Wednesday, April 16th. Tigress Financial boosted their target price on shares of Albertsons Companies from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Finally, BMO Capital Markets raised shares of Albertsons Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $19.00 to $25.00 in a research note on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.36.

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.