ORBA Wealth Advisors L.L.C. Buys New Holdings in Albertsons Companies, Inc. (NYSE:ACI)

ORBA Wealth Advisors L.L.C. purchased a new stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 22,055 shares of the company's stock, valued at approximately $433,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bank of New York Mellon Corp increased its stake in shares of Albertsons Companies by 18.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,384,157 shares of the company's stock valued at $66,465,000 after purchasing an additional 522,926 shares during the last quarter. Impax Asset Management Group plc acquired a new stake in shares of Albertsons Companies during the 4th quarter valued at $683,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock valued at $27,000 after acquiring an additional 959 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Albertsons Companies during the 4th quarter valued at $1,022,000. Finally, Private Advisor Group LLC boosted its holdings in shares of Albertsons Companies by 17.3% during the 4th quarter. Private Advisor Group LLC now owns 15,258 shares of the company's stock valued at $300,000 after acquiring an additional 2,248 shares in the last quarter. Institutional investors own 71.35% of the company's stock.

Analysts Set New Price Targets

ACI has been the topic of several recent research reports. Royal Bank of Canada reissued an "outperform" rating and set a $22.00 price objective on shares of Albertsons Companies in a report on Tuesday, January 7th. Morgan Stanley cut their price objective on Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 11th. Citigroup initiated coverage on Albertsons Companies in a report on Friday, January 24th. They set a "buy" rating and a $26.00 price objective on the stock. The Goldman Sachs Group reissued a "buy" rating and set a $26.00 price objective on shares of Albertsons Companies in a report on Tuesday, February 4th. Finally, Bank of America initiated coverage on Albertsons Companies in a report on Friday, December 13th. They set a "neutral" rating and a $22.00 price objective on the stock. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Albertsons Companies has a consensus rating of "Moderate Buy" and a consensus price target of $23.21.

Albertsons Companies Trading Up 1.1 %

Shares of NYSE:ACI traded up $0.23 during midday trading on Friday, reaching $21.05. The company's stock had a trading volume of 4,702,007 shares, compared to its average volume of 5,242,103. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.92 and a beta of 0.51. 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 price of $20.18 and a two-hundred day moving average price of $19.46. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $21.67.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.07. The company had revenue of $18.77 billion for 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 firm's revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. As a group, analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.85%. This is an increase from Albertsons Companies's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, January 24th. Albertsons Companies's payout ratio is currently 33.71%.

About Albertsons Companies

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.