LSV Asset Management Acquires 277,156 Shares of Albertsons Companies, Inc. (NYSE:ACI)

LSV Asset Management lifted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,148,463 shares of the company's stock after purchasing an additional 277,156 shares during the quarter. LSV Asset Management owned approximately 0.89% of Albertsons Companies worth $101,116,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC increased its position in Albertsons Companies by 108.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after acquiring an additional 700 shares during the period. Capital Advisors Ltd. LLC grew its position in Albertsons Companies by 225.1% during 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 in the last quarter. Twin Capital Management Inc. increased its stake in Albertsons Companies by 2.9% during the fourth quarter. Twin Capital Management Inc. now owns 40,476 shares of the company's stock valued at $795,000 after acquiring an additional 1,146 shares during the period. Synovus Financial Corp lifted its position in shares of Albertsons Companies by 10.0% in the 3rd quarter. Synovus Financial Corp now owns 13,192 shares of the company's stock worth $244,000 after acquiring an additional 1,197 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after purchasing an additional 1,358 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of research firms have weighed in on ACI. Citigroup began coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They set a "buy" rating and a $26.00 price target on the stock. Telsey Advisory Group restated an "outperform" rating and set a $26.00 price target on shares of Albertsons Companies in a research note on Friday. UBS Group lowered their price objective on Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. Evercore ISI boosted their price target on Albertsons Companies from $21.00 to $22.00 and gave the company an "in-line" rating in a research note on Tuesday, March 11th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 4th. Six 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 currently has a consensus rating of "Moderate Buy" and an average price target of $23.50.

Albertsons Companies Trading Down 7.5 %

Shares of ACI traded down $1.61 during trading hours on Tuesday, hitting $19.96. 16,413,074 shares of the stock traded hands, compared to its average volume of 4,219,825. The firm has a market capitalization of $11.57 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. 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, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20. The business has a fifty day moving average of $21.18 and a 200-day moving average of $19.92.

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

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders 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 dividend yield of 3.01%. Albertsons Companies's dividend payout ratio (DPR) is presently 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.