Twin Capital Management Inc. Reduces Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Twin Capital Management Inc. trimmed its position in Albertsons Companies, Inc. (NYSE:ACI) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,677 shares of the company’s stock after selling 623 shares during the period. Twin Capital Management Inc.’s holdings in Albertsons Companies were worth $959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ACI. NBC Securities Inc. purchased a new position in Albertsons Companies in the third quarter worth about $28,000. Blue Trust Inc. boosted its position in Albertsons Companies by 255.1% in the fourth quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock worth $34,000 after purchasing an additional 1,051 shares during the last quarter. Resurgent Financial Advisors LLC purchased a new position in Albertsons Companies in the fourth quarter worth about $45,000. UniSuper Management Pty Ltd purchased a new position in Albertsons Companies in the second quarter worth about $46,000. Finally, Fortis Capital Advisors LLC purchased a new position in Albertsons Companies in the fourth quarter worth about $51,000. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Stock Performance

NYSE:ACI opened at $20.46 on Friday. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.85 and a quick ratio of 0.19. Albertsons Companies, Inc. has a 1 year low of $19.88 and a 1 year high of $23.88. The stock’s 50 day simple moving average is $20.93 and its two-hundred day simple moving average is $21.69. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 0.96 and a beta of 0.50.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Thursday, April 25th. Albertsons Companies’s payout ratio is 20.51%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Evercore ISI lowered their price objective on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Tuesday. Roth Mkm lifted their price objective on Albertsons Companies from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Telsey Advisory Group reaffirmed 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 reaffirmed 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 reaffirmed 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.85.

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.