Cornerstone Investment Partners LLC bought a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 44,497 shares of the company's stock, valued at approximately $1,023,000.
Several other large investors have also bought and sold shares of ACI. Vanguard Group Inc. boosted its position in shares of Albertsons Companies by 9.8% in the 3rd quarter. Vanguard Group Inc. now owns 33,144,018 shares of the company's stock valued at $754,026,000 after purchasing an additional 2,950,786 shares during the period. BlackRock Inc. boosted its position in shares of Albertsons Companies by 99.6% in the 2nd quarter. BlackRock Inc. now owns 15,729,051 shares of the company's stock valued at $343,208,000 after purchasing an additional 7,848,362 shares during the period. State Street Corp boosted its position in shares of Albertsons Companies by 108.9% in the 2nd quarter. State Street Corp now owns 6,658,159 shares of the company's stock valued at $145,281,000 after purchasing an additional 3,470,188 shares during the period. Norges Bank acquired a new position in shares of Albertsons Companies in the 4th quarter valued at $112,083,000. Finally, LSV Asset Management boosted its position in shares of Albertsons Companies by 22.5% in the 3rd quarter. LSV Asset Management now owns 4,709,600 shares of the company's stock valued at $107,143,000 after purchasing an additional 865,554 shares during the period. Institutional investors own 71.35% of the company's stock.
Albertsons Companies Stock Down 0.6 %
Shares of ACI traded down $0.12 during midday trading on Friday, reaching $20.35. 1,845,170 shares of the stock were exchanged, compared to its average volume of 3,443,810. Albertsons Companies, Inc. has a 12-month low of $19.88 and a 12-month high of $23.88. The firm has a 50 day simple moving average of $20.92 and a 200-day simple moving average of $21.67. The company has a quick ratio of 0.19, a current ratio of 0.85 and a debt-to-equity ratio of 3.09. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 0.96 and a beta of 0.50.
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 paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 20.51%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on ACI shares. Evercore ISI decreased their price objective on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research report on Tuesday. Roth Mkm raised their price objective on Albertsons Companies from $23.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 10th. Telsey Advisory Group restated a "market perform" rating and set a $27.25 price objective on shares of Albertsons Companies in a research report on Wednesday. Royal Bank of Canada restated an "outperform" rating and set a $24.00 price objective on shares of Albertsons Companies in a research report on Tuesday, February 13th. Finally, Tigress Financial restated a "buy" rating and set a $27.00 price objective on shares of Albertsons Companies in a research report on Friday, January 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $24.85.
View Our Latest Research Report on ACI
About Albertsons Companies
(Free Report)
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.
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