Telsey Advisory Group restated their outperform rating on shares of Albertsons Companies (NYSE:ACI - Free Report) in a research note published on Thursday morning,Benzinga reports. Telsey Advisory Group currently has a $26.00 price target on the stock.
ACI has been the subject of several other reports. Melius raised Albertsons Companies from a "hold" rating to a "buy" rating and set a $24.00 price objective for the company in a research note on Monday, October 21st. Morgan Stanley cut their price target on Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 11th. Wells Fargo & Company reiterated a "market perform" rating on shares of Albertsons Companies in a research report on Friday, October 18th. UBS Group cut their price objective on shares of Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $22.00 target price on shares of Albertsons Companies in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.75.
View Our Latest Stock Report on ACI
Albertsons Companies Stock Performance
NYSE:ACI traded up $0.08 during mid-day trading on Thursday, reaching $19.80. 9,866,902 shares of the stock were exchanged, compared to its average volume of 7,238,360. The stock has a market capitalization of $11.47 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.07 and a beta of 0.51. Albertsons Companies has a 1 year low of $17.00 and a 1 year high of $23.47. The company has a 50 day simple moving average of $19.33 and a 200-day simple moving average of $19.31. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58.
Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.64 by $0.07. The firm had revenue of $18.77 billion during the quarter, compared to the consensus estimate of $18.82 billion. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. Albertsons Companies's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS. Analysts anticipate that Albertsons Companies will post 2.13 earnings per share for the current fiscal year.
Albertsons Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be paid a $0.15 dividend. This is an increase from Albertsons Companies's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Friday, January 24th. Albertsons Companies's dividend payout ratio (DPR) is presently 28.07%.
Institutional Trading of Albertsons Companies
A number of institutional investors have recently bought and sold shares of the company. FMR LLC raised its stake in shares of Albertsons Companies by 88.1% during the 3rd quarter. FMR LLC now owns 16,841,582 shares of the company's stock worth $311,232,000 after buying an additional 7,887,688 shares during the last quarter. Parsifal Capital Management LP lifted its holdings in shares of Albertsons Companies by 22.8% in the third quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company's stock valued at $157,946,000 after purchasing an additional 1,585,899 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Albertsons Companies by 25.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company's stock valued at $114,033,000 after purchasing an additional 1,239,978 shares during the last quarter. Anson Funds Management LP increased its stake in shares of Albertsons Companies by 973.0% during the 3rd quarter. Anson Funds Management LP now owns 1,190,165 shares of the company's stock worth $21,994,000 after purchasing an additional 1,079,246 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Albertsons Companies by 25.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,624,692 shares of the company's stock worth $91,337,000 after purchasing an additional 924,519 shares during the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.
About Albertsons Companies
(
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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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