Yousif Capital Management LLC Buys 137,357 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Yousif Capital Management LLC lifted its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 868.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,177 shares of the company's stock after acquiring an additional 137,357 shares during the period. Yousif Capital Management LLC's holdings in Albertsons Companies were worth $3,368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Advisors Ltd. LLC boosted its stake in shares of 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 purchasing an additional 959 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 1,358 shares during the last quarter. WealthCollab LLC raised its holdings in Albertsons Companies by 446.0% during 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 during the last quarter. Ossiam bought a new stake in Albertsons Companies during the 4th quarter worth about $93,000. Finally, CoreCap Advisors LLC raised its holdings 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 during the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Insider Activity at Albertsons Companies

In other 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 transaction of $1,015,122.38. Following the sale, the executive vice president now directly owns 162,569 shares of the company's stock, valued at approximately $3,488,730.74. This trade represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ACI has been the subject of several analyst reports. BMO Capital Markets upgraded Albertsons Companies from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $19.00 to $25.00 in a research report on Wednesday, May 7th. Tigress Financial boosted their price objective on Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. 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. JPMorgan Chase & Co. upped their price objective on Albertsons Companies from $24.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Friday, April 11th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.36.

Albertsons Companies Stock Performance

NYSE ACI traded down $0.21 on Friday, reaching $21.19. The stock had a trading volume of 3,686,007 shares, compared to its average volume of 4,745,772. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The firm has a fifty day moving average of $21.77 and a two-hundred day moving average of $20.85. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20. The company has a market cap of $12.20 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 1.92 and a beta of 0.46.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. The company had revenue of $18.80 billion for the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same period in the prior year, the firm posted $0.54 EPS. On average, equities research analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.83%. The ex-dividend date was Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 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.