Corient Private Wealth LLC Raises Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Corient Private Wealth LLC boosted its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 17.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,944 shares of the company’s stock after purchasing an additional 22,603 shares during the period. Corient Private Wealth LLC’s holdings in Albertsons Companies were worth $2,945,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in Albertsons Companies by 88.1% during the third quarter. FMR LLC now owns 16,841,582 shares of the company’s stock worth $311,232,000 after purchasing an additional 7,887,688 shares during the period. Geode Capital Management LLC raised its stake in Albertsons Companies by 7.0% during the third quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company’s stock worth $167,229,000 after purchasing an additional 592,711 shares during the period. State Street Corp raised its stake in Albertsons Companies by 1.7% during the third quarter. State Street Corp now owns 8,615,413 shares of the company’s stock worth $159,213,000 after purchasing an additional 141,933 shares during the period. Parsifal Capital Management LP raised its stake in shares of Albertsons Companies by 22.8% in the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock valued at $157,946,000 after acquiring an additional 1,585,899 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Albertsons Companies by 25.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock valued at $114,033,000 after acquiring an additional 1,239,978 shares during the period. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Trading Down 0.5 %

NYSE ACI opened at $21.17 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $22.05. The stock has a market capitalization of $12.26 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50. The firm has a 50 day moving average of $20.65 and a two-hundred day moving average of $19.56.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $18.82 billion. During the same quarter in the previous year, the business posted $0.79 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were issued a $0.15 dividend. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, January 24th. This represents a $0.60 annualized dividend and a dividend yield of 2.83%. Albertsons Companies’s dividend payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

ACI has been the topic of a number of research analyst reports. Evercore ISI boosted their price target on shares of Albertsons Companies from $21.00 to $22.00 and gave the company an “in-line” rating in a research note on Tuesday, March 11th. Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 price target on shares of Albertsons Companies in a research note on Tuesday, March 11th. UBS Group reduced their price target on shares of Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Bank of America began coverage on shares of Albertsons Companies in a research note on Friday, December 13th. They issued a “neutral” rating and a $22.00 price target on the stock. Finally, Royal Bank of Canada upped their target price on shares of Albertsons Companies from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, March 13th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.