National Wealth Management Group LLC Purchases Shares of 10,515 Albertsons Companies, Inc. (NYSE:ACI)

National Wealth Management Group LLC acquired a new position in shares of Albertsons Companies, Inc. (NYSE:ACI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,515 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds have also modified their holdings of ACI. Private Management Group Inc. raised its holdings in shares of Albertsons Companies by 2.0% during the fourth quarter. Private Management Group Inc. now owns 2,196,484 shares of the company’s stock valued at $43,138,000 after acquiring an additional 43,532 shares during the period. NINE MASTS CAPITAL Ltd acquired a new stake in Albertsons Companies during the 4th quarter valued at $746,000. K2 Principal Fund L.P. lifted its holdings in shares of Albertsons Companies by 68.4% in the third quarter. K2 Principal Fund L.P. now owns 270,501 shares of the company’s stock valued at $4,999,000 after purchasing an additional 109,901 shares in the last quarter. ORBA Wealth Advisors L.L.C. acquired a new stake in shares of Albertsons Companies in the fourth quarter worth $433,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Albertsons Companies during the third quarter valued at $1,906,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Trading Up 1.8 %

Shares of NYSE:ACI opened at $22.38 on Wednesday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The stock’s 50-day moving average is $20.83 and its 200-day moving average is $19.70. The company has a market cap of $12.96 billion, a P/E ratio of 12.57, a P/E/G 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 $22.40.

Albertsons Companies (NYSE:ACI) last released its 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 return on equity of 44.70% and a net margin of 1.30%. The firm had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. During the same quarter last year, the firm posted $0.79 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Increases Dividend

The business also recently announced 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. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 2.68%. The ex-dividend date was Friday, January 24th. Albertsons Companies’s dividend payout ratio is presently 33.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ACI shares. Citigroup assumed coverage on Albertsons Companies in a research note on Friday, January 24th. They issued a “buy” rating and a $26.00 price objective for the company. Telsey Advisory Group restated an “outperform” rating and set a $26.00 price target on shares of Albertsons Companies in a report on Tuesday, March 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 4th. Royal Bank of Canada lifted their target price on shares of Albertsons Companies from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, March 13th. Finally, Morgan Stanley dropped their price target 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. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Albertsons Companies presently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Albertsons Companies Company 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.