Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 43.4% in the first quarter, HoldingsChannel reports. The firm owned 1,380,947 shares of the company’s stock after selling 1,057,148 shares during the period. Deutsche Bank AG’s holdings in Albertsons Companies were worth $30,367,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Mason Investment Advisory Services Inc. grew its holdings in Albertsons Companies by 0.7% during the 1st quarter. Mason Investment Advisory Services Inc. now owns 78,062 shares of the company’s stock valued at $1,717,000 after buying an additional 568 shares during the last quarter. Applied Finance Capital Management LLC lifted its position in shares of Albertsons Companies by 5.0% in the first quarter. Applied Finance Capital Management LLC now owns 14,517 shares of the company’s stock valued at $319,000 after acquiring an additional 685 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Albertsons Companies by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company’s stock valued at $941,000 after acquiring an additional 891 shares during the last quarter. Fifth Third Bancorp increased its position in Albertsons Companies by 54.8% during the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company’s stock worth $66,000 after purchasing an additional 1,061 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its position in Albertsons Companies by 4.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 24,765 shares of the company’s stock worth $486,000 after purchasing an additional 1,153 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Trading Up 0.6%

Shares of ACI opened at $19.48 on Wednesday. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20. The firm has a market capitalization of $10.90 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 1.98 and a beta of 0.46. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17. The stock’s fifty day simple moving average is $20.92 and its 200 day simple moving average is $21.22.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $24.88 billion for the quarter, compared to the consensus estimate of $24.68 billion. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS. On average, equities research analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies’s payout ratio is 36.59%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ACI. Roth Capital restated a “buy” rating and issued a $24.00 target price (up from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. BMO Capital Markets raised shares of Albertsons Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $19.00 to $25.00 in a research note on Wednesday, May 7th. UBS Group upgraded shares of Albertsons Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $22.00 to $27.00 in a research report on Tuesday, July 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $23.00 target price on shares of Albertsons Companies in a research note on Wednesday, April 16th. Finally, Barclays assumed coverage on Albertsons Companies in a research note on Monday, July 21st. They set an “underweight” rating and a $19.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.06.

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.