Albertsons Companies, Inc. (NYSE:ACI) Shares Bought by Elgethun Capital Management

Key Points

• Elgethun Capital Management increased its stake in Albertsons Companies by 8.4%, owning 192,662 shares valued at approximately $4.24 million as of the latest reporting period.
• Albertsons Companies reported earnings of $0.55 per share, exceeding analysts' expectations, with revenues of $24.88 billion for the quarter.
• The company declared a quarterly dividend of $0.15 per share, resulting in an annualized dividend yield of 3.1%.

Elgethun Capital Management grew its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,662 shares of the company's stock after purchasing an additional 14,995 shares during the period. Albertsons Companies comprises approximately 0.9% of Elgethun Capital Management's investment portfolio, making the stock its 27th largest holding. Elgethun Capital Management's holdings in Albertsons Companies were worth $4,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its holdings in Albertsons Companies by 55.3% in the fourth quarter. FMR LLC now owns 26,150,522 shares of the company's stock valued at $513,596,000 after buying an additional 9,308,940 shares in the last quarter. Southeastern Asset Management Inc. TN grew its position in shares of Albertsons Companies by 108.0% during the 4th quarter. Southeastern Asset Management Inc. TN now owns 5,766,719 shares of the company's stock valued at $113,258,000 after acquiring an additional 2,993,988 shares during the period. LSV Asset Management increased its stake in shares of Albertsons Companies by 52.9% in the 1st quarter. LSV Asset Management now owns 7,873,039 shares of the company's stock valued at $173,128,000 after purchasing an additional 2,724,576 shares in the last quarter. Dendur Capital LP acquired a new position in Albertsons Companies in the 4th quarter worth about $49,100,000. Finally, Parsifal Capital Management LP raised its holdings in Albertsons Companies by 19.4% in the 4th quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company's stock worth $200,423,000 after purchasing an additional 1,657,981 shares during the period. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Trading Up 1.5%

Shares of ACI stock opened at $19.58 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20. The company's 50-day moving average price is $21.11 and its 200-day moving average price is $21.21. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.97 and a beta of 0.46.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $24.88 billion for the quarter, compared to analyst estimates of $24.68 billion. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. Albertsons Companies's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. As a group, equities analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, July 25th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, July 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.1%. Albertsons Companies's dividend payout ratio is currently 36.59%.

Analysts Set New Price Targets

A number of research firms have recently commented on ACI. Roth Capital restated a "buy" rating and issued a $24.00 price objective (up from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Royal Bank Of Canada restated an "outperform" rating and set a $23.00 price objective on shares of Albertsons Companies in a research report on Wednesday, April 16th. UBS Group raised shares of Albertsons Companies from a "neutral" rating to a "buy" rating and increased their price objective for the company from $22.00 to $27.00 in a report on Tuesday, July 22nd. Barclays assumed coverage on shares of Albertsons Companies in a research note on Monday, July 21st. They set an "underweight" rating and a $19.00 target price for the company. Finally, Wall Street Zen raised shares of Albertsons Companies from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Albertsons Companies currently has a consensus rating of "Moderate Buy" and an average price target of $24.06.

Insider Buying and Selling at Albertsons Companies

In related news, EVP Omer Gajial sold 47,303 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 162,569 shares in the company, valued at approximately $3,488,730.74. The trade was a 22.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.35% of the company's stock.

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.

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