Albertsons Companies, Inc. (NYSE:ACI) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc grew its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 392.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,004 shares of the company's stock after purchasing an additional 22,315 shares during the quarter. Ensign Peak Advisors Inc's holdings in Albertsons Companies were worth $550,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Capital Advisors Ltd. LLC boosted its position in Albertsons Companies by 225.1% in the 4th 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 period. EverSource Wealth Advisors LLC raised its stake in shares of 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 in the last quarter. WealthCollab LLC raised its stake in shares of Albertsons Companies by 446.0% in the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock valued at $35,000 after acquiring an additional 1,454 shares in the last quarter. Ossiam purchased a new position in Albertsons Companies in the fourth quarter valued at $93,000. Finally, CoreCap Advisors LLC grew its stake in Albertsons Companies by 241,500.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,832 shares of the company's stock worth $95,000 after purchasing an additional 4,830 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Stock Performance

Shares of NYSE ACI traded down $0.31 during trading hours on Thursday, reaching $21.74. The stock had a trading volume of 386,688 shares, compared to its average volume of 4,590,912. The firm has a 50-day moving average of $21.74 and a 200-day moving average of $20.54. The firm has a market cap of $12.51 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.92 and a beta of 0.47. 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 fifty-two week low of $17.00 and a fifty-two week high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion during the quarter, compared to analysts' expectations of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same quarter in the previous year, the business earned $0.54 earnings per share. Equities research analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The business 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 2.76%. The ex-dividend date was Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

Insider Activity at Albertsons Companies

In related news, EVP Omer Gajial sold 47,303 shares of Albertsons Companies stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total value of $1,015,122.38. Following the transaction, the executive vice president now directly owns 162,569 shares in the company, valued at $3,488,730.74. This trade represents a 22.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ACI. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 price target on shares of Albertsons Companies in a research report on Wednesday, April 16th. Tigress Financial upped their target price 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $26.00 price target on shares of Albertsons Companies in a research note on Friday, April 11th. BMO Capital Markets upgraded shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $19.00 to $25.00 in a report on Wednesday, May 7th. 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 report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.36.

Albertsons Companies 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.