Mirae Asset Global Investments Co. Ltd. Acquires 34,274 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Albertsons Companies, Inc. (NYSE:ACI) by 64.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,146 shares of the company’s stock after acquiring an additional 34,274 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Albertsons Companies were worth $2,004,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale grew its stake in Albertsons Companies by 116.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,117,625 shares of the company’s stock valued at $25,434,000 after purchasing an additional 600,653 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Albertsons Companies during the 4th quarter valued at about $2,710,000. Asset Management One Co. Ltd. grew its stake in Albertsons Companies by 26.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 135,968 shares of the company’s stock valued at $3,126,000 after purchasing an additional 28,049 shares during the last quarter. Arizona State Retirement System grew its stake in Albertsons Companies by 9.9% during the 4th quarter. Arizona State Retirement System now owns 94,932 shares of the company’s stock valued at $2,183,000 after purchasing an additional 8,558 shares during the last quarter. Finally, State of Michigan Retirement System purchased a new stake in Albertsons Companies during the 4th quarter valued at about $264,000. 71.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Tigress Financial reiterated a “buy” rating and set a $27.00 price target on shares of Albertsons Companies in a research note on Friday, January 12th. Roth Mkm upped their target price on Albertsons Companies from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Evercore ISI lowered their target price on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 13th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Albertsons Companies currently has a consensus rating of “Hold” and an average target price of $24.85.

Albertsons Companies Stock Performance

NYSE ACI opened at $20.35 on Friday. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.96 and a beta of 0.50. Albertsons Companies, Inc. has a twelve month low of $19.88 and a twelve month high of $23.88. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 3.09. The stock has a 50-day moving average of $20.92 and a 200 day moving average of $21.67.

Albertsons Companies Dividend Announcement

The firm 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 $0.12 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.48 dividend on an annualized basis and a yield of 2.36%. Albertsons Companies’s payout ratio is 20.51%.

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.