Beverly Hills Private Wealth LLC Has $4.33 Million Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Beverly Hills Private Wealth LLC lifted its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 11.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,880 shares of the company's stock after purchasing an additional 20,167 shares during the period. Albertsons Companies comprises 0.9% of Beverly Hills Private Wealth LLC's portfolio, making the stock its 27th largest position. Beverly Hills Private Wealth LLC's holdings in Albertsons Companies were worth $4,329,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ACI. EverSource Wealth Advisors LLC lifted its position in shares of Albertsons Companies by 316.6% during 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 in the last quarter. WealthCollab LLC lifted its position 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 purchasing an additional 1,454 shares in the last quarter. Bessemer Group Inc. acquired a new position in shares of Albertsons Companies during the first quarter worth $40,000. GAMMA Investing LLC lifted its position in shares of Albertsons Companies by 340.1% during the first 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 lifted its position in shares of Albertsons Companies by 54.8% during the first 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. 71.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Omer Gajial sold 47,303 shares of the 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 transaction, the executive vice president directly owned 162,569 shares in the company, valued at $3,488,730.74. This represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.35% of the company's stock.

Analyst Ratings Changes

Several research firms recently 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 report on Wednesday, April 16th. Tigress Financial reaffirmed a "buy" rating and issued a $28.00 price target on shares of Albertsons Companies in a report on Tuesday. JPMorgan Chase & Co. set a $31.00 price target on shares of Albertsons Companies in a report on Tuesday. Evercore ISI cut 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 report on Thursday, April 17th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $24.00 price target on shares of Albertsons Companies in a report on Monday. Five equities research 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 an average rating of "Moderate Buy" and a consensus target price of $24.21.

Albertsons Companies Price Performance

Shares of NYSE:ACI traded up $0.04 during midday trading on Wednesday, reaching $22.20. 1,753,018 shares of the company's stock were exchanged, compared to its average volume of 4,926,970. The company's 50 day simple moving average is $21.78 and its two-hundred day simple moving average is $21.14. The firm has a market capitalization of $12.78 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 2.31 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 debt-to-equity ratio of 2.29, a quick ratio of 0.22 and a current ratio of 0.90.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a net margin of 1.19% and a return on equity of 41.03%. During the same period last year, the firm earned $0.54 EPS. Equities research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.70%. Albertsons Companies's payout ratio is 36.59%.

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.