Raymond James Financial Inc. bought a new stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 791,467 shares of the company's stock, valued at approximately $15,544,000. Raymond James Financial Inc. owned approximately 0.14% of Albertsons Companies as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of ACI. Eagle Bay Advisors LLC grew its position in Albertsons Companies by 108.4% during the 4th 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 last quarter. Capital Advisors Ltd. LLC grew its position 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 worth $27,000 after buying an additional 959 shares during the period. EverSource Wealth Advisors LLC increased its stake in Albertsons Companies by 316.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock valued at $35,000 after purchasing an additional 1,358 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Albertsons Companies by 91.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock valued at $169,000 after buying an additional 4,101 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Albertsons Companies in the fourth quarter valued at approximately $179,000. 71.35% of the stock is owned by institutional investors and hedge funds.
Albertsons Companies Price Performance
Shares of NYSE:ACI traded down $0.04 during trading on Thursday, reaching $22.37. The company had a trading volume of 6,432,391 shares, compared to its average volume of 4,370,377. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $12.88 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. The company has a fifty day moving average of $21.26 and a two-hundred day moving average of $20.05.
Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. The business had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same quarter last year, the business posted $0.54 earnings per share. Equities research analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.
Albertsons Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.68%. Albertsons Companies's payout ratio is 36.59%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on ACI shares. Evercore ISI lowered their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Thursday, April 17th. Citigroup began coverage on shares of Albertsons Companies in a report on Friday, January 24th. They issued a "buy" rating and a $26.00 target price on the stock. Tigress Financial lifted their price target on Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday. Telsey Advisory Group reissued an "outperform" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Friday, April 11th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.38.
Check Out Our Latest Stock Report on ACI
Albertsons Companies Profile
(
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.
See Also
Before you consider Albertsons Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Albertsons Companies wasn't on the list.
While Albertsons Companies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
