Olympiad Research LP Trims Position in Albertsons Companies, Inc. (NYSE:ACI)

Olympiad Research LP lessened its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 48.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,423 shares of the company's stock after selling 18,247 shares during the period. Olympiad Research LP's holdings in Albertsons Companies were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC increased its stake in shares of Albertsons Companies by 76.8% in the 3rd quarter. Signaturefd LLC now owns 4,181 shares of the company's stock valued at $77,000 after purchasing an additional 1,816 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Albertsons Companies by 4.4% during the 3rd quarter. Private Advisor Group LLC now owns 13,010 shares of the company's stock valued at $240,000 after purchasing an additional 544 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Albertsons Companies during the 3rd quarter worth approximately $185,000. Wealth Enhancement Advisory Services LLC lifted its stake in Albertsons Companies by 63.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 76,175 shares of the company's stock valued at $1,408,000 after purchasing an additional 29,505 shares during the last quarter. Finally, Fiducient Advisors LLC acquired a new stake in Albertsons Companies in the third quarter valued at approximately $234,000. 71.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on ACI shares. Morgan Stanley dropped 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. Evercore ISI lifted their price target on Albertsons Companies from $18.00 to $19.00 and gave the company an "in-line" rating in a research note on Tuesday, December 3rd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Thursday, January 9th. UBS Group reduced their target price 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, Bank of America started coverage on shares of Albertsons Companies in a research note on Friday, December 13th. They set a "neutral" rating and a $22.00 price target for the company. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Albertsons Companies presently has a consensus rating of "Moderate Buy" and an average target price of $23.21.

Albertsons Companies Stock Performance

NYSE:ACI traded down $0.13 during trading on Monday, reaching $20.43. The company's stock had a trading volume of 933,607 shares, compared to its average volume of 5,307,293. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.92 and a beta of 0.51. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $21.75. 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 firm has a 50 day moving average of $20.08 and a 200-day moving average of $19.43.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.07. The business had revenue of $18.77 billion during the quarter, compared to the consensus estimate of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.79 earnings per share. Research analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a $0.15 dividend. The ex-dividend date was Friday, January 24th. 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 2.94%. Albertsons Companies's dividend payout ratio (DPR) is 33.71%.

Albertsons Companies 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.