Verdence Capital Advisors LLC lowered its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 40.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,797 shares of the company's stock after selling 22,083 shares during the quarter. Verdence Capital Advisors LLC's holdings in Albertsons Companies were worth $644,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in ACI. Eagle Bay Advisors LLC grew its stake 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 worth $26,000 after buying an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in Albertsons Companies by 225.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock worth $27,000 after acquiring an additional 959 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Albertsons Companies by 91.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock valued at $169,000 after acquiring an additional 4,101 shares during the last quarter. R Squared Ltd purchased a new stake in Albertsons Companies during the 4th quarter worth approximately $179,000. Finally, DGS Capital Management LLC acquired a new position in Albertsons Companies in the 3rd quarter worth approximately $199,000. 71.35% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently issued reports on ACI shares. Morgan Stanley lowered their price target on shares of Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 11th. Bank of America initiated coverage on shares of Albertsons Companies in a report on Friday, December 13th. They set a "neutral" rating and a $22.00 price target for the company. Citigroup began coverage on Albertsons Companies in a report on Friday, January 24th. They issued a "buy" rating and a $26.00 price objective on the stock. Telsey Advisory Group reissued an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $26.00 price target on shares of Albertsons Companies in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Albertsons Companies presently has an average rating of "Moderate Buy" and a consensus target price of $23.21.
Get Our Latest Stock Analysis on Albertsons Companies
Albertsons Companies Stock Down 1.7 %
NYSE:ACI traded down $0.36 during mid-day trading on Monday, hitting $21.10. The company had a trading volume of 58,771,089 shares, compared to its average volume of 6,899,177. The business has a fifty day simple moving average of $20.31 and a 200-day simple moving average of $19.47. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 1.92 and a beta of 0.50. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $21.67. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31.
Albertsons Companies (NYSE:ACI - Get Free Report) last announced its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $18.82 billion. During the same period in the prior year, the firm earned $0.79 earnings per share. The business's quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.
Albertsons Companies Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were given a $0.15 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.60 annualized dividend and a dividend yield of 2.84%. This is an increase from Albertsons Companies's previous quarterly dividend of $0.12. Albertsons Companies's payout ratio is presently 33.71%.
Albertsons Companies Company Profile
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Free Report)
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.
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