Ameriprise Financial Inc. Has $3.55 Million Position in Albertsons Companies, Inc. (NYSE:ACI)

Ameriprise Financial Inc. grew its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 136.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 180,861 shares of the company's stock after buying an additional 104,302 shares during the period. Ameriprise Financial Inc.'s holdings in Albertsons Companies were worth $3,552,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC boosted its holdings 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 buying an additional 959 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 lifted its position in 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 in the last quarter. Ossiam purchased a new stake in shares of Albertsons Companies in the fourth quarter valued at about $93,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in Albertsons Companies by 91.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock valued at $169,000 after buying an additional 4,101 shares during the period. 71.35% of the stock is owned by institutional investors.

Insider Buying and Selling at Albertsons Companies

In other news, EVP Omer Gajial sold 47,303 shares of Albertsons Companies stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total transaction 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. The trade was a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.26% of the stock is currently owned by insiders.

Albertsons Companies Price Performance

NYSE ACI traded up $0.03 during trading on Thursday, reaching $22.18. The company's stock had a trading volume of 2,930,642 shares, compared to its average volume of 4,633,838. The firm has a fifty day moving average of $21.78 and a 200 day moving average of $20.65. The stock has a market capitalization of $12.77 billion, a PE ratio of 12.46, a P/E/G ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The business had revenue of $18.80 billion for the quarter, compared to analysts' expectations of $18.78 billion. During the same period in the previous year, the firm posted $0.54 EPS. Analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.60 annualized dividend and a yield of 2.71%. Albertsons Companies's payout ratio is 36.59%.

Analyst Ratings Changes

Several brokerages have weighed in on ACI. Royal Bank of Canada restated an "outperform" rating and set a $23.00 price target on shares of Albertsons Companies in a report on Wednesday, April 16th. UBS Group decreased their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Telsey Advisory Group restated an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Friday, April 11th. Tigress Financial boosted their price objective on shares of Albertsons Companies from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Albertsons Companies from $24.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.36.

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.