Brokerages Set Albertsons Companies, Inc. (NYSE:ACI) PT at $24.21

Shares of Albertsons Companies, Inc. (NYSE:ACI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen research firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $24.21.

A number of brokerages have issued reports on ACI. Evercore ISI reduced their target price on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Thursday, April 17th. Tigress Financial restated a "buy" rating and set a $28.00 target price on shares of Albertsons Companies in a report on Tuesday. UBS Group reduced their target price on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $24.00 price target on shares of Albertsons Companies in a research report on Monday. Finally, JPMorgan Chase & Co. set a $31.00 price target on Albertsons Companies in a research report on Tuesday.

Insider Buying and Selling at Albertsons Companies

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the transaction, the executive vice president owned 162,569 shares of the company's stock, valued at $3,488,730.74. The trade was a 22.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. SVB Wealth LLC acquired a new position in shares of Albertsons Companies during the 1st quarter worth approximately $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after acquiring an additional 1,358 shares during the period. WealthCollab LLC boosted its stake in shares of Albertsons Companies by 446.0% during the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after acquiring an additional 1,454 shares during the period. Bessemer Group Inc. bought a new position in shares of Albertsons Companies during the 1st quarter worth approximately $40,000. Finally, GAMMA Investing LLC boosted its stake in shares of Albertsons Companies by 340.1% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after acquiring an additional 1,483 shares during the period. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Trading Down 0.4%

Albertsons Companies stock traded down $0.10 during mid-day trading on Thursday, hitting $22.19. The stock had a trading volume of 1,576,891 shares, compared to its average volume of 5,983,366. The stock has a 50-day simple moving average of $21.79 and a two-hundred day simple moving average of $21.16. The stock has a market capitalization of $12.77 billion, a PE ratio of 13.53, a P/E/G ratio of 2.26 and a beta of 0.44. Albertsons Companies has a 12 month low of $17.00 and a 12 month high of $23.20. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.29.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. Albertsons Companies had a return on equity of 41.03% and a net margin of 1.19%. The business had revenue of $18.80 billion for the quarter, compared to analysts' expectations of $18.78 billion. During the same quarter last year, the business earned $0.54 earnings per share. As a group, sell-side analysts forecast that Albertsons Companies will post 2.14 EPS for the current year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is 36.59%.

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.