Wealthfront Advisers LLC Invests $955,000 in Albertsons Companies, Inc. (NYSE:ACI)

Wealthfront Advisers LLC acquired a new stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 48,650 shares of the company's stock, valued at approximately $955,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACI. Eagle Bay Advisors LLC increased its holdings in Albertsons Companies by 108.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after buying an additional 700 shares during the period. Capital Advisors Ltd. LLC increased its holdings in 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 period. Steward Partners Investment Advisory LLC increased 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 worth $169,000 after buying an additional 4,101 shares during the period. R Squared Ltd acquired a new stake in shares of Albertsons Companies during the 4th quarter worth approximately $179,000. Finally, DGS Capital Management LLC acquired a new stake in shares of Albertsons Companies during the 3rd quarter worth approximately $199,000. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Price Performance

ACI stock traded down $0.39 during midday trading on Wednesday, reaching $21.64. The stock had a trading volume of 4,687,972 shares, compared to its average volume of 3,869,953. The company's fifty day simple moving average is $20.56 and its 200 day simple moving average is $19.52. 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 company has a market cap of $12.53 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $22.08.

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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 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 analyst estimates 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 for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. As a group, sell-side analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Friday, January 24th. This is a positive change from Albertsons Companies's previous quarterly dividend of $0.12. Albertsons Companies's payout ratio is currently 33.71%.

Analyst Upgrades and Downgrades

ACI has been the topic of a number of analyst reports. Bank of America initiated coverage on shares of Albertsons Companies in a research note on Friday, December 13th. They set a "neutral" rating and a $22.00 price objective on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 4th. Morgan Stanley dropped their price objective on shares of Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Wednesday, December 11th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, March 11th. Finally, Evercore ISI raised their price objective on shares of Albertsons Companies from $21.00 to $22.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 11th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $23.50.

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.