Private Management Group Inc. Cuts Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Private Management Group Inc. trimmed its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,547,831 shares of the company’s stock after selling 18,037 shares during the quarter. Albertsons Companies makes up about 1.4% of Private Management Group Inc.’s portfolio, making the stock its 17th biggest holding. Private Management Group Inc. owned 0.27% of Albertsons Companies worth $35,600,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Albertsons Companies in the 3rd quarter worth $28,000. Blue Trust Inc. increased its holdings in Albertsons Companies by 255.1% in the 4th quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock worth $34,000 after acquiring an additional 1,051 shares in the last quarter. Van ECK Associates Corp purchased a new stake in Albertsons Companies in the 3rd quarter worth $52,000. CI Investments Inc. increased its holdings in Albertsons Companies by 21.8% in the 3rd quarter. CI Investments Inc. now owns 4,373 shares of the company’s stock worth $99,000 after acquiring an additional 783 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in Albertsons Companies by 33.0% in the 3rd quarter. National Bank of Canada FI now owns 5,494 shares of the company’s stock worth $124,000 after acquiring an additional 1,362 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Trading Up 0.4 %

Shares of ACI stock traded up $0.09 on Tuesday, hitting $20.32. 3,170,587 shares of the stock traded hands, compared to its average volume of 3,442,060. The firm’s 50-day moving average price is $20.88 and its two-hundred day moving average price is $21.62. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.19 and a current ratio of 0.85. The stock has a market capitalization of $11.71 billion, a PE ratio of 8.68, 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.

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.48 annualized dividend and a dividend yield of 2.36%. Albertsons Companies’s payout ratio is 20.51%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Royal Bank of Canada cut their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies 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 target price on the stock in a research note on Tuesday. Evercore ISI lowered 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 note on Tuesday, April 16th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $27.00 target price on shares of Albertsons Companies in a research note on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.45.

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.