Allspring Global Investments Holdings LLC Invests $1.42 Million in Albertsons Companies, Inc. (NYSE:ACI)

Allspring Global Investments Holdings LLC purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 64,576 shares of the company's stock, valued at approximately $1,420,000.

A number of other hedge funds have also bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of Albertsons Companies by 316.6% during the 4th 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 lifted its position in shares of Albertsons Companies by 446.0% during the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company's stock valued at $35,000 after buying an additional 1,454 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of Albertsons Companies during the 1st quarter valued at $40,000. GAMMA Investing LLC raised its stake in shares of Albertsons Companies by 340.1% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock valued at $42,000 after purchasing an additional 1,483 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Albertsons Companies by 54.8% during the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock valued at $66,000 after purchasing an additional 1,061 shares during the period. 71.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $23.00 price objective on shares of Albertsons Companies in a research note on Wednesday, April 16th. UBS Group decreased their price objective on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. set a $31.00 price objective on Albertsons Companies in a research note on Tuesday. Evercore ISI decreased their price objective on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research note on Thursday, April 17th. Finally, 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. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Albertsons Companies has a consensus rating of "Moderate Buy" and a consensus target price of $24.21.

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 stock was 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. This trade represents a 22.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.35% of the company's stock.

Albertsons Companies Trading Down 2.7%

ACI traded down $0.61 on Tuesday, hitting $22.13. 8,551,815 shares of the company were exchanged, compared to its average volume of 6,036,955. The firm has a fifty day simple moving average of $21.78 and a two-hundred day simple moving average of $21.13. 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, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20. The stock has a market capitalization of $12.74 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 2.22 and a beta of 0.44.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The firm 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 41.03% and a net margin of 1.19%. During the same period last year, the company earned $0.54 EPS. Sell-side analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

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

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.