Skandinaviska Enskilda Banken AB publ Has $3.06 Million Position in Albertsons Companies, Inc. (NYSE:ACI)

Skandinaviska Enskilda Banken AB publ lessened its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 22.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 155,835 shares of the company’s stock after selling 43,852 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Albertsons Companies were worth $3,057,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Eagle Bay Advisors LLC increased its stake in Albertsons Companies by 108.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock valued at $27,000 after purchasing an additional 959 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Albertsons Companies by 316.6% during the 4th 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 in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Albertsons Companies by 91.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company’s stock valued at $169,000 after purchasing an additional 4,101 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Albertsons Companies during the 4th quarter valued at $179,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Analyst Ratings Changes

ACI has been the subject of a number of recent research reports. Citigroup initiated coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They set a “buy” rating and a $26.00 price target for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, March 11th. Morgan Stanley reduced their target price on shares of Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 4th. Finally, UBS Group reduced 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. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.50.

Albertsons Companies Price Performance

ACI opened at $21.12 on Monday. The firm has a market cap of $12.23 billion, a P/E ratio of 11.86, a PEG ratio of 1.92 and a beta of 0.50. The firm has a 50-day moving average of $20.46 and a 200 day moving average of $19.49. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $21.67.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating the consensus estimate 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 net margin of 1.30% and a return on equity of 44.70%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share. On average, research analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, January 24th. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 2.84%. Albertsons Companies’s dividend payout ratio is 33.71%.

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.