Sumitomo Mitsui DS Asset Management Company Ltd Purchases 12,871 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Albertsons Companies, Inc. (NYSE:ACI) by 60.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 34,101 shares of the company’s stock after buying an additional 12,871 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Albertsons Companies were worth $784,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Verdence Capital Advisors LLC bought a new position in Albertsons Companies in the 4th quarter worth $961,000. Cornerstone Investment Partners LLC purchased a new stake in Albertsons Companies in the 4th quarter worth $1,023,000. Calamos Advisors LLC lifted its stake in Albertsons Companies by 88.4% in the 4th quarter. Calamos Advisors LLC now owns 1,504,264 shares of the company’s stock worth $34,598,000 after purchasing an additional 705,861 shares in the last quarter. Federated Hermes Inc. lifted its stake in Albertsons Companies by 18.0% in the 4th quarter. Federated Hermes Inc. now owns 570,853 shares of the company’s stock worth $13,130,000 after purchasing an additional 87,017 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Albertsons Companies by 11.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 21,100 shares of the company’s stock worth $485,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Down 0.7 %

Shares of NYSE ACI opened at $19.92 on Friday. The firm’s 50-day moving average price is $20.85 and its 200-day moving average price is $21.61. The company has a current ratio of 0.84, a quick ratio of 0.19 and a debt-to-equity ratio of 2.83. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 0.96 and a beta of 0.50. Albertsons Companies, Inc. has a 12-month low of $19.84 and a 12-month high of $23.88.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, April 25th. Albertsons Companies’s dividend payout ratio (DPR) is currently 21.52%.

Analyst Ratings Changes

Several analysts have commented on the stock. Tigress Financial reiterated a “buy” rating and issued a $27.00 price target on shares of Albertsons Companies in a research note on Friday, January 12th. Roth Capital upgraded shares of Albertsons Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a research note on Tuesday. Royal Bank of Canada decreased their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Roth Mkm upgraded 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 report on Tuesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Albertsons Companies presently has an average rating of “Moderate Buy” and an average price target 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.