Corient Private Wealth LLC Buys 22,603 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Corient Private Wealth LLC grew its position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 17.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,944 shares of the company's stock after purchasing an additional 22,603 shares during the period. Corient Private Wealth LLC's holdings in Albertsons Companies were worth $2,945,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC lifted its holdings in 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 increased its stake in shares of 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 buying an additional 959 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in 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 acquiring an additional 1,358 shares during the last quarter. Steward Partners Investment Advisory LLC increased 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 worth $169,000 after purchasing an additional 4,101 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Albertsons Companies in the 4th quarter valued at about $179,000. Hedge funds and other institutional investors own 71.35% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ACI shares. The Goldman Sachs Group reiterated a "buy" rating and issued a $26.00 price target on shares of Albertsons Companies in a report on Tuesday, February 4th. Citigroup began coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They issued a "buy" rating and a $26.00 price objective for the company. Royal Bank of Canada lifted their target price on shares of Albertsons Companies from $22.00 to $23.00 and gave the company an "outperform" rating in a research note on Thursday, March 13th. UBS Group decreased their price objective on shares of Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. Finally, Morgan Stanley dropped their target price on shares of 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. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Albertsons Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.50.

Albertsons Companies Trading Up 1.9 %

Shares of Albertsons Companies stock traded up $0.40 during trading on Wednesday, hitting $21.21. 3,994,669 shares of the company were exchanged, compared to its average volume of 3,899,407. The firm has a market capitalization of $12.29 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50. The firm's fifty day moving average price is $20.65 and its 200 day moving average price is $19.59. 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, Inc. has a 1-year low of $17.00 and a 1-year high of $22.05.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its 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 1.30% and a return on equity of 44.70%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 earnings per share. As a group, sell-side analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, January 24th. This is a boost from Albertsons Companies's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 2.83%. Albertsons Companies's dividend payout ratio is 33.71%.

Albertsons Companies Company 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.