Bank of New York Mellon Corp Has $66.47 Million Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Bank of New York Mellon Corp grew its position in Albertsons Companies, Inc. (NYSE:ACI) by 18.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,384,157 shares of the company’s stock after buying an additional 522,926 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.58% of Albertsons Companies worth $66,465,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ACI. Private Management Group Inc. lifted its position in shares of Albertsons Companies by 2.0% in the 4th 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 in the last quarter. Swiss National Bank lifted its holdings in shares of Albertsons Companies by 9.2% in the third quarter. Swiss National Bank now owns 1,117,200 shares of the company’s stock valued at $20,646,000 after purchasing an additional 94,300 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Albertsons Companies by 5.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 670,722 shares of the company’s stock worth $12,395,000 after buying an additional 36,154 shares during the period. K2 Principal Fund L.P. grew its holdings in shares of Albertsons Companies by 68.4% during the third quarter. K2 Principal Fund L.P. now owns 270,501 shares of the company’s stock valued at $4,999,000 after buying an additional 109,901 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in Albertsons Companies during the third quarter valued at $1,906,000. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Price Performance

NYSE ACI opened at $20.72 on Tuesday. The firm has a market cap of $12.00 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 1.92 and a beta of 0.51. The stock’s 50-day moving average is $20.23 and its two-hundred day moving average is $19.47. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $21.67. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The business had revenue of $18.77 billion for the quarter, compared to the consensus estimate of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS. On average, analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a dividend of $0.15 per share. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Friday, January 24th. Albertsons Companies’s dividend payout ratio is currently 33.71%.

Analyst Upgrades and Downgrades

ACI has been the topic of several research analyst reports. Bank of America assumed coverage on Albertsons Companies in a research note on Friday, December 13th. They set a “neutral” rating and a $22.00 target price on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Thursday, January 9th. Morgan Stanley dropped their price objective on shares of Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. UBS Group decreased their target price on shares of Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Finally, Evercore ISI upped their price target on shares of Albertsons Companies from $18.00 to $19.00 and gave the stock an “in-line” rating in a research note on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Albertsons Companies has a consensus rating of “Moderate Buy” and a consensus target price of $23.21.

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.