Alaska Permanent Fund Corp Grows Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Alaska Permanent Fund Corp grew its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 112,648 shares of the company’s stock after acquiring an additional 648 shares during the period. Alaska Permanent Fund Corp’s holdings in Albertsons Companies were worth $2,591,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ACI. NBC Securities Inc. purchased a new position in shares of Albertsons Companies during the third quarter valued at approximately $28,000. Blue Trust Inc. increased its position in shares of Albertsons Companies by 255.1% during the fourth quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock valued at $34,000 after acquiring an additional 1,051 shares in the last quarter. Van ECK Associates Corp bought a new stake in shares of Albertsons Companies during the third quarter valued at approximately $52,000. CI Investments Inc. increased its position in shares of Albertsons Companies by 21.8% during the third quarter. CI Investments Inc. now owns 4,373 shares of the company’s stock valued at $99,000 after acquiring an additional 783 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Albertsons Companies by 33.0% during the third quarter. National Bank of Canada FI now owns 5,494 shares of the company’s stock valued at $124,000 after acquiring an additional 1,362 shares in the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Albertsons Companies Stock Performance

Shares of NYSE:ACI traded up $0.08 during midday trading on Thursday, reaching $20.02. The company’s stock had a trading volume of 390,621 shares, compared to its average volume of 3,416,833. The firm has a market capitalization of $11.56 billion, a PE ratio of 8.99, a P/E/G ratio of 0.96 and a beta of 0.50. Albertsons Companies, Inc. has a twelve month low of $19.84 and a twelve month high of $23.88. The stock has a fifty day moving average of $20.88 and a 200 day moving average of $21.62. The company has a quick ratio of 0.19, a current ratio of 0.84 and a debt-to-equity ratio of 2.83.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.40%. The ex-dividend date is Thursday, April 25th. Albertsons Companies’s payout ratio is 21.52%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ACI. Roth Capital raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating in a research report 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. Roth Mkm upgraded shares of Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday. Tigress Financial restated a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a report on Friday, January 12th. Finally, Royal Bank of Canada reduced their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.45.

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.