Allstate Corp Makes New $237,000 Investment in Albertsons Companies, Inc. (NYSE:ACI)

Allstate Corp bought a new stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,044 shares of the company's stock, valued at approximately $237,000.

Several other hedge funds also recently bought and sold shares of ACI. Eagle Bay Advisors LLC increased its position in shares of Albertsons Companies by 108.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock valued at $26,000 after buying an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in shares of Albertsons Companies by 225.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock worth $27,000 after purchasing an additional 959 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 grew its position in shares of Albertsons Companies by 91.0% in 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 during the period. Finally, R Squared Ltd bought a new stake in Albertsons Companies during the 4th quarter worth approximately $179,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of Albertsons Companies in a research report on Friday, December 13th. They set a "neutral" rating and a $22.00 price objective for the company. Telsey Advisory Group restated an "outperform" rating and issued a $26.00 price target on shares of Albertsons Companies in a report on Tuesday, March 11th. Evercore ISI increased their price objective on Albertsons Companies from $21.00 to $22.00 and gave the stock an "in-line" rating in a report on Tuesday, March 11th. The Goldman Sachs Group restated a "buy" rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 4th. Finally, Morgan Stanley cut their price objective on shares of Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Wednesday, December 11th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $23.50.

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Albertsons Companies Stock Performance

Albertsons Companies stock traded down $0.67 during mid-day trading on Monday, hitting $21.31. 7,341,418 shares of the company's stock traded hands, compared to its average volume of 4,124,413. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.92 and a beta of 0.47. The firm has a 50 day simple moving average of $21.02 and a two-hundred day simple moving average of $19.80. 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 (NYSE:ACI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.07. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The business had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. During the same quarter in the prior year, the business earned $0.79 EPS. Albertsons Companies's quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.82%. This is a positive change from Albertsons Companies's previous quarterly dividend of $0.12. The ex-dividend date was Friday, January 24th. Albertsons Companies's dividend payout ratio is currently 33.71%.

Albertsons Companies 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.