Albertsons Companies, Inc. (NYSE:ACI) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 296.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 473,624 shares of the company's stock after acquiring an additional 354,176 shares during the quarter. Sei Investments Co. owned about 0.08% of Albertsons Companies worth $9,302,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Eagle Bay Advisors LLC boosted its holdings in shares of 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 purchasing an additional 700 shares during the last quarter. Capital Advisors Ltd. LLC lifted 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. EverSource Wealth Advisors LLC boosted its stake in Albertsons Companies by 316.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after buying an additional 1,358 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings 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 shares of Albertsons Companies in the 4th quarter worth $179,000. Hedge funds and other institutional investors own 71.35% of the company's stock.

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Albertsons Companies Trading Up 2.4 %

ACI traded up $0.53 during mid-day trading on Thursday, hitting $22.96. 7,863,301 shares of the stock were exchanged, compared to its average volume of 4,088,006. The firm's fifty day moving average is $20.94 and its two-hundred day moving average is $19.74. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20. The company has a market cap of $13.30 billion, a PE ratio of 12.90, a PEG 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 (NYSE:ACI - Get Free Report) last issued its quarterly 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. 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 analyst estimates of $18.82 billion. During the same period in the prior year, the firm earned $0.79 earnings per share. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Friday, January 24th. This is a boost from Albertsons Companies's previous quarterly dividend of $0.12. Albertsons Companies's dividend payout ratio (DPR) is currently 33.71%.

Wall Street Analyst Weigh In

ACI has been the topic of several recent research reports. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 price target on shares of Albertsons Companies in a research report on Thursday. UBS Group decreased 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. Citigroup initiated coverage on shares of Albertsons Companies in a report on Friday, January 24th. They set a "buy" rating and a $26.00 price target for the company. Morgan Stanley decreased 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. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.50.

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.