Albertsons Companies, Inc. (NYSE:ACI - Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock investors acquired 8,274 call options on the company. This represents an increase of approximately 31% compared to the average daily volume of 6,297 call options.
Wall Street Analyst Weigh In
A number of research firms recently commented on ACI. The Goldman Sachs Group reiterated a "buy" rating and issued a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 4th. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 price target on shares of Albertsons Companies in a research report on Wednesday. UBS Group dropped their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday. Evercore ISI reduced their price objective on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research note on Thursday. Finally, Citigroup started coverage on Albertsons Companies in a research report on Friday, January 24th. They set a "buy" rating and a $26.00 target price on the stock. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.36.
View Our Latest Report on Albertsons Companies
Albertsons Companies Stock Up 2.4 %
NYSE ACI traded up $0.51 on Friday, reaching $21.66. 10,042,907 shares of the stock traded hands, compared to its average volume of 4,317,323. Albertsons Companies has a 12 month low of $17.00 and a 12 month high of $23.20. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The company has a fifty day moving average price of $21.19 and a 200-day moving average price of $19.98. The company has a market cap of $12.55 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 1.92 and a beta of 0.47.
Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The company had revenue of $18.80 billion for the quarter, compared to analyst estimates of $18.78 billion. During the same period last year, the company posted $0.54 earnings per share. As a group, research analysts forecast that Albertsons Companies will post 2.14 EPS for the current fiscal year.
Albertsons Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.
Hedge Funds Weigh In On Albertsons Companies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ORBA Wealth Advisors L.L.C. increased its holdings in Albertsons Companies by 16.5% in the 1st quarter. ORBA Wealth Advisors L.L.C. now owns 25,702 shares of the company's stock worth $565,000 after buying an additional 3,647 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of Albertsons Companies by 1,050.7% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 653,929 shares of the company's stock valued at $14,380,000 after acquiring an additional 597,101 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Albertsons Companies by 93.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,245 shares of the company's stock worth $3,502,000 after acquiring an additional 76,859 shares during the period. Fifth Third Bancorp raised its holdings in shares of Albertsons Companies by 54.8% during the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock worth $66,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Focus Financial Network Inc. acquired a new position in Albertsons Companies during the first quarter valued at $205,000. Hedge funds and other institutional investors own 71.35% of the company's stock.
About Albertsons Companies
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Get 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.
Further Reading
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