Albertsons Companies, Inc. (NYSE:ACI) Shares Bought by Parsifal Capital Management LP

Parsifal Capital Management LP lifted its position in Albertsons Companies, Inc. (NYSE:ACI) by 19.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,204,862 shares of the company’s stock after buying an additional 1,657,981 shares during the quarter. Albertsons Companies makes up about 16.7% of Parsifal Capital Management LP’s holdings, making the stock its largest holding. Parsifal Capital Management LP’s holdings in Albertsons Companies were worth $200,423,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Albertsons Companies in the fourth quarter worth approximately $298,302,000. FMR LLC increased its stake in Albertsons Companies by 55.3% in the 4th quarter. FMR LLC now owns 26,150,522 shares of the company’s stock valued at $513,596,000 after buying an additional 9,308,940 shares during the period. Dendur Capital LP purchased a new stake in Albertsons Companies in the 4th quarter worth approximately $49,100,000. Vanguard Group Inc. lifted its position in Albertsons Companies by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company’s stock worth $713,131,000 after buying an additional 2,347,875 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Albertsons Companies by 205.2% during the 4th quarter. Deutsche Bank AG now owns 2,438,095 shares of the company’s stock valued at $47,884,000 after buying an additional 1,639,190 shares during the period. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Price Performance

NYSE:ACI opened at $21.84 on Wednesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20. The company has a fifty day moving average price of $21.66 and a 200 day moving average price of $20.41. The stock has a market cap of $12.57 billion, a P/E ratio of 12.27, a PEG ratio of 1.92 and a beta of 0.47.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The business had revenue of $18.80 billion during the quarter, compared to analyst estimates of $18.78 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. Analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given a $0.15 dividend. The ex-dividend date was Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.75%. Albertsons Companies’s dividend payout ratio is currently 36.59%.

Analyst Ratings Changes

A number of analysts recently issued reports on ACI shares. UBS Group reduced their price objective on Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 price target on shares of Albertsons Companies in a report on Friday, April 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 price target on shares of Albertsons Companies in a research note on Wednesday, April 16th. JPMorgan Chase & Co. raised their price objective on shares of Albertsons Companies from $24.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Finally, 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. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Albertsons Companies presently has an average rating of “Moderate Buy” and a consensus price target of $24.36.

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.