Strategic Global Advisors LLC Boosts Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Strategic Global Advisors LLC boosted its stake in Albertsons Companies, Inc. (NYSE:ACI) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,621 shares of the company’s stock after acquiring an additional 2,989 shares during the period. Strategic Global Advisors LLC’s holdings in Albertsons Companies were worth $955,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC grew its position in shares of 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 acquiring an additional 959 shares during the period. WealthCollab LLC raised its holdings in shares of Albertsons Companies by 446.0% in the 4th 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 period. EverSource Wealth Advisors LLC lifted its stake in Albertsons Companies by 316.6% in the fourth 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. Ossiam bought a new position in Albertsons Companies during the fourth quarter valued at $93,000. Finally, CoreCap Advisors LLC increased its position in Albertsons Companies by 241,500.0% in the fourth quarter. CoreCap Advisors LLC now owns 4,832 shares of the company’s stock worth $95,000 after buying an additional 4,830 shares during the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $22.10 on Friday. The company has a 50 day moving average of $21.69 and a 200 day moving average of $20.48. 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 stock has a market cap of $12.72 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20.

Albertsons Companies (NYSE:ACI) last released 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 firm had revenue of $18.80 billion during the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. During the same period in the previous year, the business earned $0.54 EPS. As a group, sell-side analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies’s payout ratio is 36.59%.

Analysts Set New Price Targets

A number of research analysts have recently commented on ACI shares. Citigroup initiated coverage on Albertsons Companies in a research report on Friday, January 24th. They set a “buy” rating and a $26.00 price target on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price objective on shares of Albertsons Companies in a report on Wednesday, April 16th. JPMorgan Chase & Co. lifted their target price on shares of Albertsons Companies from $24.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. UBS Group lowered their price target on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Finally, Evercore ISI cut 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 report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.36.

Insiders Place Their Bets

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of Albertsons Companies stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the completion of the sale, the executive vice president now directly owns 162,569 shares in the company, valued at $3,488,730.74. The trade was a 22.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

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.