Achmea Investment Management B.V. Has $7.09 Million Position in Albertsons Companies, Inc. (NYSE:ACI)

Achmea Investment Management B.V. lifted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 5.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 322,586 shares of the company’s stock after purchasing an additional 16,163 shares during the period. Achmea Investment Management B.V. owned 0.06% of Albertsons Companies worth $7,094,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC grew its holdings in Albertsons Companies by 17.3% during the 4th quarter. Private Advisor Group LLC now owns 15,258 shares of the company’s stock worth $300,000 after acquiring an additional 2,248 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Albertsons Companies during the fourth quarter worth approximately $1,022,000. Bank of New York Mellon Corp grew its stake in shares of Albertsons Companies by 18.3% during the fourth quarter. Bank of New York Mellon Corp now owns 3,384,157 shares of the company’s stock valued at $66,465,000 after purchasing an additional 522,926 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Albertsons Companies during the fourth quarter valued at approximately $243,000. Finally, Factorial Partners LLC increased its holdings in shares of Albertsons Companies by 839.1% in the fourth quarter. Factorial Partners LLC now owns 108,000 shares of the company’s stock valued at $2,121,000 after purchasing an additional 96,500 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ACI has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on Albertsons Companies from $24.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Evercore ISI cut their price target on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Thursday, April 17th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $23.00 price objective on shares of Albertsons Companies in a research report on Wednesday, April 16th. Tigress Financial boosted their price objective on Albertsons Companies from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Friday, April 11th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Albertsons Companies presently has an average rating of “Moderate Buy” and a consensus target price of $24.36.

Albertsons Companies Stock Up 0.4%

Shares of NYSE ACI opened at $21.21 on Friday. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.22 and a current ratio of 0.90. The stock has a market cap of $12.21 billion, a P/E ratio of 12.93, a P/E/G ratio of 2.12 and a beta of 0.46. The firm has a 50 day moving average price of $21.81 and a 200 day moving average price of $20.99.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $18.80 billion during the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a net margin of 1.19% and a return on equity of 41.03%. During the same quarter in the previous year, the business earned $0.54 EPS. Analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies’s dividend payout ratio (DPR) is presently 36.59%.

Insider Activity

In related news, EVP Omer Gajial sold 47,303 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now directly owns 162,569 shares in the company, valued at $3,488,730.74. This trade represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.26% of the stock is currently owned by company insiders.

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.