Albertsons Companies, Inc. (NYSE:ACI) Stake Boosted by Captrust Financial Advisors

Captrust Financial Advisors lifted its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 152.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,817 shares of the company's stock after acquiring an additional 108,666 shares during the quarter. Captrust Financial Advisors' holdings in Albertsons Companies were worth $3,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ACI. Eagle Bay Advisors LLC raised its stake in shares of Albertsons Companies by 108.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after purchasing an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in Albertsons Companies by 225.1% during the fourth 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 in the last quarter. 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 acquiring an additional 1,358 shares during the last quarter. WealthCollab LLC grew its position in Albertsons Companies by 446.0% in the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after acquiring an additional 1,454 shares in the last quarter. Finally, Ossiam acquired a new position in shares of Albertsons Companies during the 4th quarter worth $93,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on ACI. Telsey Advisory Group reiterated an "outperform" rating and issued a $26.00 price objective on shares of Albertsons Companies in a report on Friday, April 11th. Evercore ISI decreased their price target on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. raised their price objective on Albertsons Companies from $24.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. BMO Capital Markets raised Albertsons Companies from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $19.00 to $25.00 in a research report on Wednesday. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price target on shares of Albertsons Companies in a research report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Albertsons Companies presently has an average rating of "Moderate Buy" and an average target price of $24.36.

Albertsons Companies Price Performance

Shares of ACI stock opened at $22.48 on Friday. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20. The company has a market capitalization 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 has a 50 day moving average of $21.61 and a two-hundred day moving average of $20.36. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The firm had revenue of $18.80 billion during the quarter, compared to analysts' expectations of $18.78 billion. During the same period last year, the business earned $0.54 earnings per share. As a group, equities analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) 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.

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