Ensign Peak Advisors Inc Buys 22,315 Shares of Albertsons Companies, Inc. (NYSE:ACI)

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

Several other large investors have also modified their holdings of the stock. Capital Advisors Ltd. LLC boosted its stake 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 buying an additional 959 shares during the period. EverSource Wealth Advisors LLC increased 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 worth $35,000 after purchasing an additional 1,358 shares during the period. WealthCollab LLC lifted its holdings in shares of 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 during the last quarter. Ossiam bought a new stake in Albertsons Companies in the 4th quarter valued at $93,000. Finally, CoreCap Advisors LLC grew its position in Albertsons Companies by 241,500.0% during the fourth quarter. CoreCap Advisors LLC now owns 4,832 shares of the company's stock worth $95,000 after buying an additional 4,830 shares in the last quarter. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Trading Up 0.6%

NYSE:ACI traded up $0.13 on Tuesday, hitting $21.97. 3,022,880 shares of the stock were exchanged, compared to its average volume of 4,588,563. The stock has a market capitalization of $12.65 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 1.92 and a beta of 0.47. 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, Inc. has a 52 week low of $17.00 and a 52 week high of $23.20. The company's 50-day moving average price is $21.70 and its 200 day moving average price is $20.52.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The firm had revenue of $18.80 billion during the quarter, compared to analyst estimates of $18.78 billion. During the same quarter in the previous year, the business earned $0.54 EPS. On average, equities research analysts forecast 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. Stockholders of record on Friday, April 25th were paid a $0.15 dividend. The ex-dividend date was Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.73%. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

Insider Activity at Albertsons Companies

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 162,569 shares of the company's stock, valued at approximately $3,488,730.74. This represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ACI has been the topic of a number of analyst reports. Tigress Financial upped their target price on shares of Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Telsey Advisory Group reiterated an "outperform" rating and set a $26.00 target price on shares of Albertsons Companies in a research report on Friday, April 11th. Evercore ISI reduced their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Thursday, April 17th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 price objective on shares of Albertsons Companies in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. boosted their target price on Albertsons Companies from $24.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.36.

Albertsons Companies Company 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.