Beverly Hills Private Wealth LLC Buys 16,475 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Beverly Hills Private Wealth LLC lifted its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,713 shares of the company's stock after acquiring an additional 16,475 shares during the period. Beverly Hills Private Wealth LLC's holdings in Albertsons Companies were worth $3,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Private Management Group Inc. boosted its stake in Albertsons Companies by 2.0% in 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. Jump Financial LLC acquired a new position in Albertsons Companies during the 4th quarter valued at approximately $11,800,000. NINE MASTS CAPITAL Ltd acquired a new position in Albertsons Companies during the 4th quarter valued at approximately $746,000. ORBA Wealth Advisors L.L.C. acquired a new stake in Albertsons Companies in the fourth quarter worth $433,000. Finally, Synergy Asset Management LLC bought a new stake in Albertsons Companies in the fourth quarter valued at $248,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ACI shares. Citigroup began coverage on Albertsons Companies in a research note on Friday, January 24th. They set a "buy" rating and a $26.00 target price on the stock. The Goldman Sachs Group restated a "buy" rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 4th. UBS Group lowered their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Tigress Financial upped their price target on shares of Albertsons Companies from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Albertsons Companies from $24.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Albertsons Companies has a consensus rating of "Moderate Buy" and a consensus price target of $23.93.

Albertsons Companies Stock Up 1.1 %

Shares of ACI stock traded up $0.23 during trading hours on Tuesday, hitting $21.93. 5,749,941 shares of the company were exchanged, compared to its average volume of 4,467,317. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $23.20. 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 business has a 50 day moving average of $21.50 and a two-hundred day moving average of $20.28. The company has a market capitalization of $12.63 billion, a PE ratio of 12.32, a PEG ratio of 1.92 and a beta of 0.47.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The business had revenue of $18.80 billion for 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 quarter in the previous year, the firm posted $0.54 earnings per share. Analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, April 25th. Albertsons Companies's dividend payout ratio is presently 36.59%.

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.