Baird Financial Group Inc. Has $3.12 Million Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Baird Financial Group Inc. increased its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 10.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,623 shares of the company’s stock after purchasing an additional 15,579 shares during the quarter. Baird Financial Group Inc.’s holdings in Albertsons Companies were worth $3,115,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ACI. Eagle Bay Advisors LLC increased its holdings in shares of Albertsons Companies by 108.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock worth $26,000 after buying an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC increased its holdings in Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock valued at $27,000 after purchasing an additional 959 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Albertsons Companies by 316.6% in the 4th 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 during the last quarter. WealthCollab LLC grew its holdings in shares of Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock worth $35,000 after purchasing an additional 1,454 shares during the last quarter. Finally, Ossiam acquired a new stake in shares of Albertsons Companies in the fourth quarter valued at $93,000. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Trading Up 0.7 %

NYSE ACI opened at $22.48 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The firm has a market cap of $12.94 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.92 and a beta of 0.47. The stock’s 50-day moving average is $21.61 and its 200-day moving average is $20.36. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion for the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same period in the previous year, the company posted $0.54 earnings per share. Sell-side analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies’s payout ratio is 36.59%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ACI. Evercore ISI lowered their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Thursday, April 17th. Tigress Financial raised their price target on shares of Albertsons Companies from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Citigroup initiated coverage on Albertsons Companies in a report on Friday, January 24th. They set a “buy” rating and a $26.00 price objective on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 target price 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 price target on shares of Albertsons Companies in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.36.

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.