CFC Planning Co LLC Takes Position in Albertsons Companies, Inc. (NYSE:ACI)

CFC Planning Co LLC acquired a new position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,125 shares of the company's stock, valued at approximately $267,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACI. Nissay Asset Management Corp Japan ADV grew its stake in shares of Albertsons Companies by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company's stock worth $941,000 after buying an additional 891 shares during the last quarter. Fifth Third Bancorp raised its holdings in Albertsons Companies by 54.8% during the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock valued at $66,000 after acquiring an additional 1,061 shares during the period. Twin Capital Management Inc. raised its holdings in Albertsons Companies by 2.9% during the fourth quarter. Twin Capital Management Inc. now owns 40,476 shares of the company's stock valued at $795,000 after acquiring an additional 1,146 shares during the period. Rehmann Capital Advisory Group grew its position in shares of Albertsons Companies by 4.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 24,765 shares of the company's stock valued at $486,000 after purchasing an additional 1,153 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew 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 valued at $35,000 after purchasing an additional 1,358 shares in the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on ACI shares. UBS Group decreased their price target on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. set a $31.00 price target on shares of Albertsons Companies in a report on Tuesday. 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 reissued a "buy" rating and set a $28.00 target price on shares of Albertsons Companies in a research note on Tuesday. Finally, Evercore ISI lowered their target price on shares of 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. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.21.

Insider Activity

In related news, EVP Omer Gajial sold 47,303 shares of the business's stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.35% of the stock is owned by company insiders.

Albertsons Companies Stock Performance

Albertsons Companies stock traded down $0.16 during mid-day trading on Friday, reaching $22.13. The company had a trading volume of 4,407,682 shares, compared to its average volume of 4,957,961. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.29. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $23.20. The company has a 50 day moving average of $21.80 and a 200-day moving average of $21.18. The firm has a market cap of $12.74 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 2.26 and a beta of 0.44.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The business had revenue of $18.80 billion during the quarter, compared to analysts' expectations of $18.78 billion. Albertsons Companies had a net margin of 1.19% and a return on equity of 41.03%. During the same quarter last year, the company posted $0.54 EPS. On average, sell-side analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a $0.15 dividend. 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 2.71%. 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.