Private Management Group Inc. Cuts Position in Albertsons Companies, Inc. (NYSE:ACI)

Private Management Group Inc. decreased its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,547,831 shares of the company’s stock after selling 18,037 shares during the quarter. Albertsons Companies comprises approximately 1.4% of Private Management Group Inc.’s portfolio, making the stock its 17th biggest holding. Private Management Group Inc.’s holdings in Albertsons Companies were worth $35,600,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Albertsons Companies by 9.8% in the third quarter. Vanguard Group Inc. now owns 33,144,018 shares of the company’s stock valued at $754,026,000 after buying an additional 2,950,786 shares in the last quarter. Westchester Capital Management LLC purchased a new position in shares of Albertsons Companies in the third quarter valued at $64,739,000. Hsbc Holdings PLC increased its position in shares of Albertsons Companies by 232.2% in the third quarter. Hsbc Holdings PLC now owns 2,485,704 shares of the company’s stock valued at $56,596,000 after buying an additional 1,737,466 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Albertsons Companies by 95.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,230,794 shares of the company’s stock valued at $50,751,000 after buying an additional 1,092,150 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Albertsons Companies by 22.5% in the third quarter. LSV Asset Management now owns 4,709,600 shares of the company’s stock valued at $107,143,000 after buying an additional 865,554 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Up 0.4 %

Albertsons Companies stock traded up $0.09 during midday trading on Tuesday, hitting $20.32. 3,170,587 shares of the company were exchanged, compared to its average volume of 3,442,060. The company’s fifty day moving average price is $20.88 and its 200-day moving average price is $21.62. The company has a market cap of $11.71 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.96 and a beta of 0.50. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.85 and a quick ratio of 0.19. Albertsons Companies, Inc. has a fifty-two week low of $19.88 and a fifty-two week high of $23.88.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, April 25th. This represents a $0.48 annualized dividend and a yield of 2.36%. Albertsons Companies’s dividend payout ratio is presently 20.51%.

Analysts Set New Price Targets

ACI has been the subject of a number of recent research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a research report on Tuesday. Roth Mkm upgraded Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday. Tigress Financial reiterated a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a research report on Friday, January 12th. Evercore ISI dropped their price objective on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada dropped their price objective on Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Albertsons Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.45.

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.