Sumitomo Mitsui Trust Group Inc. Has $15.59 Million Position in Albertsons Companies, Inc. (NYSE:ACI)

Sumitomo Mitsui Trust Group Inc. lowered its position in Albertsons Companies, Inc. (NYSE:ACI) by 0.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 708,743 shares of the company’s stock after selling 5,533 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.12% of Albertsons Companies worth $15,585,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in Albertsons Companies by 316.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock valued at $35,000 after purchasing an additional 1,358 shares during the last quarter. WealthCollab LLC grew its holdings in Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock valued at $35,000 after purchasing an additional 1,454 shares during the last quarter. Bessemer Group Inc. acquired a new position in Albertsons Companies during the first quarter valued at approximately $40,000. GAMMA Investing LLC grew its holdings in Albertsons Companies by 340.1% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock valued at $42,000 after purchasing an additional 1,483 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Albertsons Companies by 54.8% in the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company’s stock worth $66,000 after acquiring an additional 1,061 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ACI shares. BMO Capital Markets upgraded shares of Albertsons Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $19.00 to $25.00 in a research note on Wednesday, May 7th. Evercore ISI lowered their price objective on shares of 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. Tigress Financial raised their price objective on shares of Albertsons Companies from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Telsey Advisory Group restated an “outperform” rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Albertsons Companies from $24.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Albertsons Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.36.

Insider Activity

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of Albertsons Companies stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the completion of the transaction, the executive vice president directly owned 162,569 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.26% of the company’s stock.

Albertsons Companies Stock Down 0.3%

ACI opened at $21.93 on Friday. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.90 and a quick ratio of 0.22. The firm’s fifty day moving average price is $21.76 and its two-hundred day moving average price is $21.06. The company has a market capitalization of $12.63 billion, a P/E ratio of 13.37, a P/E/G ratio of 2.22 and a beta of 0.44.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion during the quarter, compared to analysts’ expectations of $18.78 billion. Albertsons Companies had a return on equity of 41.03% and a net margin of 1.19%. During the same period last year, the business earned $0.54 earnings per share. On average, analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.74%. Albertsons Companies’s payout ratio is presently 36.59%.

Albertsons Companies Company 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.