Beverly Hills Private Wealth LLC Increases Position in Albertsons Companies, Inc. (NYSE:ACI)

Beverly Hills Private Wealth LLC lifted its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 11.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,880 shares of the company's stock after purchasing an additional 20,167 shares during the quarter. Albertsons Companies comprises about 0.9% of Beverly Hills Private Wealth LLC's portfolio, making the stock its 27th biggest position. Beverly Hills Private Wealth LLC's holdings in Albertsons Companies were worth $4,329,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ACI. EverSource Wealth Advisors LLC boosted its position in shares of Albertsons Companies by 316.6% in the 4th 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 in the last quarter. WealthCollab LLC boosted its position in shares of Albertsons Companies by 446.0% in the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after purchasing an additional 1,454 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of Albertsons Companies in the 1st quarter worth $40,000. GAMMA Investing LLC boosted its position in shares of Albertsons Companies by 340.1% in the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after purchasing an additional 1,483 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Albertsons Companies by 54.8% in the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock worth $66,000 after purchasing an additional 1,061 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 up $0.15 during trading on Wednesday, reaching $22.31. 4,420,880 shares of the company traded hands, compared to its average volume of 4,942,372. The firm's fifty day simple moving average is $21.79 and its 200 day simple moving average is $21.15. The stock has a market cap of $12.84 billion, a P/E ratio of 13.60, a PEG ratio of 2.25 and a beta of 0.44. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.29.

Albertsons Companies (NYSE:ACI - Get Free Report) last released 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. Albertsons Companies had a return on equity of 41.03% and a net margin of 1.19%. The business had revenue of $18.80 billion during the quarter, compared to analyst estimates of $18.78 billion. During the same quarter last year, the business posted $0.54 EPS. As a group, research analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors 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 annualized dividend and a dividend yield of 2.69%. Albertsons Companies's dividend payout ratio is presently 36.59%.

Insider Buying and Selling at Albertsons Companies

In related news, EVP Omer Gajial sold 47,303 shares of Albertsons Companies stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total value of $1,015,122.38. Following the completion of the transaction, the executive vice president owned 162,569 shares in the company, valued at $3,488,730.74. The trade was a 22.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.35% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ACI has been the subject of a number of recent analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $24.00 price objective on shares of Albertsons Companies in a research report on Monday. Tigress Financial reaffirmed a "buy" rating and set a $28.00 price target on shares of Albertsons Companies in a research report on Tuesday. JPMorgan Chase & Co. set a $31.00 price target on Albertsons Companies in a research report on Tuesday. UBS Group lowered their price target on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $23.00 price target on shares of Albertsons Companies in a research report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.21.

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.