Advisory Services Network LLC Invests $271,000 in Albertsons Companies, Inc. (NYSE:ACI)

Advisory Services Network LLC bought a new stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,807 shares of the company's stock, valued at approximately $271,000.

Several other hedge funds have also bought and sold shares of the company. FIL Ltd bought a new stake in shares of Albertsons Companies during the 4th quarter worth about $512,000. Elgethun Capital Management grew its position in shares of Albertsons Companies by 1.1% in the fourth quarter. Elgethun Capital Management now owns 177,667 shares of the company's stock valued at $3,489,000 after purchasing an additional 1,966 shares during the last quarter. Twin Capital Management Inc. increased its stake in shares of Albertsons Companies by 2.9% during the fourth quarter. Twin Capital Management Inc. now owns 40,476 shares of the company's stock worth $795,000 after purchasing an additional 1,146 shares during the period. Invesco Ltd. lifted its holdings in Albertsons Companies by 21.1% during the 4th quarter. Invesco Ltd. now owns 962,848 shares of the company's stock worth $18,910,000 after purchasing an additional 167,439 shares during the last quarter. Finally, Polymer Capital Management US LLC bought a new stake in Albertsons Companies in the 4th quarter valued at $638,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ACI shares. Telsey Advisory Group reissued an "outperform" rating and issued a $26.00 target price on shares of Albertsons Companies in a research report on Friday, April 11th. 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 report on Thursday, April 17th. UBS Group cut their price target on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Tigress Financial lifted their price objective on Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a report on Thursday. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $23.38.

Albertsons Companies Trading Down 0.1 %

Albertsons Companies stock traded down $0.03 during trading hours on Thursday, hitting $22.39. The stock had a trading volume of 1,749,768 shares, compared to its average volume of 4,352,116. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 1.92 and a beta of 0.47. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The business's 50 day simple moving average is $21.26 and its 200-day simple moving average is $20.05. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The firm had revenue of $18.80 billion for the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. During the same period in the previous year, the firm posted $0.54 EPS. On average, equities analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.68%. Albertsons Companies's dividend payout ratio (DPR) is 36.59%.

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.