Albertsons Companies, Inc. (NYSE:ACI) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System raised its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,485,145 shares of the company’s stock after buying an additional 45,158 shares during the period. California Public Employees Retirement System owned approximately 0.43% of Albertsons Companies worth $57,158,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ACI. Vanguard Group Inc. increased its stake in Albertsons Companies by 9.8% during the 3rd 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 during the period. Westchester Capital Management LLC acquired a new position in shares of Albertsons Companies in the 3rd quarter worth approximately $64,739,000. Hsbc Holdings PLC grew its stake in shares of Albertsons Companies by 232.2% in the 3rd quarter. Hsbc Holdings PLC now owns 2,485,704 shares of the company’s stock worth $56,596,000 after purchasing an additional 1,737,466 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Albertsons Companies by 95.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,230,794 shares of the company’s stock worth $50,751,000 after purchasing an additional 1,092,150 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of Albertsons Companies by 22.5% in the 3rd quarter. LSV Asset Management now owns 4,709,600 shares of the company’s stock worth $107,143,000 after purchasing an additional 865,554 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Stock Performance

ACI stock opened at $19.92 on Friday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.19 and a current ratio of 0.84. The stock has a market cap of $11.50 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.96 and a beta of 0.50. The firm has a 50 day simple moving average of $20.85 and a 200 day simple moving average of $21.61. Albertsons Companies, Inc. has a 52 week low of $19.84 and a 52 week high of $23.88.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, April 25th. Albertsons Companies’s dividend payout ratio is currently 21.52%.

Analysts Set New Price Targets

ACI has been the topic of several recent research reports. Tigress Financial reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Albertsons Companies in a research note on Friday, January 12th. Roth Capital raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday. Roth Mkm raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday. Royal Bank of Canada dropped their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Evercore ISI dropped their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Albertsons Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.45.

Albertsons Companies 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.