Credit Industriel ET Commercial Makes New $1.36 Million Investment in Albertsons Companies, Inc. (NYSE:ACI)

Credit Industriel ET Commercial bought a new position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 69,000 shares of the company's stock, valued at approximately $1,355,000.

Several other large investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC increased its stake in Albertsons Companies by 108.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after acquiring an additional 700 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock valued at $27,000 after purchasing an additional 959 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Albertsons Companies by 316.6% during 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 period. Ossiam bought a new stake in Albertsons Companies in the fourth quarter worth $93,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in Albertsons Companies by 91.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock worth $169,000 after buying an additional 4,101 shares during the period. 71.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ACI has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a "buy" rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 4th. Evercore ISI decreased their price objective on shares of 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. UBS Group cut their target price on 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 raised their price target on Albertsons Companies from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.38.

Albertsons Companies Stock Up 1.2 %

Shares of ACI traded up $0.26 during mid-day trading on Tuesday, hitting $21.95. The company's stock had a trading volume of 2,236,438 shares, compared to its average volume of 4,388,001. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.92 and a beta of 0.47. The company's 50-day moving average is $21.34 and its 200-day moving average is $20.15. 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, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, topping 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 company had revenue of $18.80 billion during the quarter, compared to analyst estimates of $18.78 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, equities research analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS 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 given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, April 25th. Albertsons Companies's payout ratio is currently 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.