Albertsons Companies, Inc. (NYSE:ACI - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock investors purchased 8,274 call options on the company. This represents an increase of approximately 31% compared to the typical volume of 6,297 call options.
Albertsons Companies Stock Up 2.4 %
Shares of NYSE ACI traded up $0.51 during trading on Friday, hitting $21.66. 10,042,907 shares of the company traded hands, compared to its average volume of 4,317,323. Albertsons Companies has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The firm has a market capitalization of $12.55 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 1.92 and a beta of 0.47. The business's fifty day moving average is $21.19 and its 200 day moving average is $19.98. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93.
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, beating analysts' consensus estimates 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 quarter last year, the firm posted $0.54 earnings per share. Equities research analysts predict that Albertsons Companies will post 2.14 earnings per share for the current fiscal year.
Albertsons Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, April 25th. This represents a $0.60 annualized dividend and a yield of 2.77%. Albertsons Companies's payout ratio is 36.59%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in ACI. Eagle Bay Advisors LLC lifted its position in Albertsons Companies by 108.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock valued at $26,000 after acquiring an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of 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 buying an additional 959 shares during the last quarter. WealthCollab LLC grew its holdings in Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after buying an additional 1,454 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Albertsons Companies by 316.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock valued at $35,000 after buying an additional 1,358 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Albertsons Companies by 340.1% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock valued at $42,000 after acquiring an additional 1,483 shares in the last quarter. 71.35% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have issued reports on ACI. Telsey Advisory Group restated an "outperform" rating and issued a $26.00 price target on shares of Albertsons Companies in a research report on Friday, April 11th. Citigroup assumed coverage on Albertsons Companies in a report on Friday, January 24th. They issued a "buy" rating and a $26.00 price objective for the company. The Goldman Sachs Group reaffirmed a "buy" rating and set a $26.00 target price on shares of Albertsons Companies in a report on Tuesday, February 4th. UBS Group decreased their price target on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada restated an "outperform" rating and set a $23.00 price objective on shares of Albertsons Companies in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.36.
Check Out Our Latest Stock Report on ACI
Albertsons Companies Company Profile
(
Get Free Report)
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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