Pecaut & CO. acquired a new position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 30,400 shares of the company's stock, valued at approximately $597,000.
Other large investors have also bought and sold shares of the company. Eagle Bay Advisors LLC lifted its stake in Albertsons Companies by 108.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock valued at $26,000 after acquiring an additional 700 shares during the period. Capital Advisors Ltd. LLC boosted its stake in shares of Albertsons Companies by 225.1% in the 4th 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 grew its holdings in shares of Albertsons Companies by 316.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after acquiring an additional 1,358 shares during the period. Steward Partners Investment Advisory LLC increased its position in Albertsons Companies by 91.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock valued at $169,000 after acquiring an additional 4,101 shares during the last quarter. Finally, R Squared Ltd bought a new position in Albertsons Companies in the fourth quarter valued at about $179,000. 71.35% of the stock is owned by institutional investors.
Albertsons Companies Price Performance
Shares of ACI stock traded down $0.01 during mid-day trading on Tuesday, hitting $20.79. The company had a trading volume of 4,299,999 shares, compared to its average volume of 3,903,694. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The stock's 50 day moving average price is $20.65 and its 200-day moving average price is $19.57. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $22.05. The company has a market capitalization of $12.05 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.92 and a beta of 0.50.
Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings results 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. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The company had revenue of $18.77 billion for the quarter, compared to the consensus estimate of $18.82 billion. During the same period in the previous year, the firm posted $0.79 EPS. Albertsons Companies's revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.
Albertsons Companies Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, January 24th. This is a positive change from Albertsons Companies's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 2.89%. Albertsons Companies's dividend payout ratio is presently 33.71%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on ACI shares. 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. UBS Group cut their target price on shares of Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Citigroup initiated coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They set a "buy" rating and a $26.00 price objective for the company. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $26.00 target price on shares of Albertsons Companies in a report on Tuesday, February 4th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday, March 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $23.50.
View Our Latest Report on ACI
About Albertsons Companies
(
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.
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