WINTON GROUP Ltd acquired a new stake in Albertsons Companies, Inc. (NYSE:ACI – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 354,136 shares of the company’s stock, valued at approximately $6,081,000.
Other institutional investors have also modified their holdings of the company. CWM LLC lifted its stake in shares of Albertsons Companies by 103.5% in the 4th quarter. CWM LLC now owns 1,435 shares of the company’s stock valued at $25,000 after purchasing an additional 730 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Albertsons Companies by 185.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,628 shares of the company’s stock valued at $28,000 after purchasing an additional 1,057 shares during the last quarter. NBC Securities Inc. lifted its stake in shares of Albertsons Companies by 91.2% in the 4th quarter. NBC Securities Inc. now owns 1,855 shares of the company’s stock valued at $32,000 after purchasing an additional 885 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Albertsons Companies by 172.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,062 shares of the company’s stock valued at $35,000 after purchasing an additional 1,306 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Albertsons Companies by 32.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,524 shares of the company’s stock valued at $44,000 after purchasing an additional 625 shares during the last quarter. 71.35% of the stock is owned by institutional investors.
Albertsons Companies Price Performance
Shares of ACI stock opened at $16.35 on Friday. Albertsons Companies, Inc. has a 52-week low of $15.36 and a 52-week high of $22.78. The company has a debt-to-equity ratio of 4.58, a quick ratio of 0.20 and a current ratio of 0.86. The firm has a market capitalization of $8.09 billion, a P/E ratio of 51.10, a P/E/G ratio of 1.87 and a beta of 0.40. The stock has a 50 day moving average price of $16.60 and a 200 day moving average price of $17.16.
Albertsons Companies Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.15. Albertsons Companies’s dividend payout ratio is 212.50%.
Analyst Ratings Changes
ACI has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Albertsons Companies in a research note on Monday, April 6th. UBS Group lowered their price objective on Albertsons Companies from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. JPMorgan Chase & Co. lowered their price objective on Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Citigroup lowered their price objective on Albertsons Companies from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, Weiss Ratings lowered Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Albertsons Companies presently has a consensus rating of “Hold” and an average price target of $21.31.
Albertsons Companies Company Profile
Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.
Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.
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