Cwm LLC Purchases 69,531 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Cwm LLC lifted its position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 5,988.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,692 shares of the company's stock after acquiring an additional 69,531 shares during the quarter. Cwm LLC's holdings in Albertsons Companies were worth $1,555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. WealthCollab LLC grew its stake in Albertsons Companies by 446.0% in the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock valued at $35,000 after purchasing an additional 1,454 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of Albertsons Companies during the first quarter worth about $40,000. GAMMA Investing LLC grew its stake in shares of Albertsons Companies by 340.1% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after acquiring an additional 1,483 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Albertsons Companies by 54.8% during the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock worth $66,000 after acquiring an additional 1,061 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Albertsons Companies by 100.0% during the first quarter. Blue Trust Inc. now owns 3,370 shares of the company's stock worth $74,000 after acquiring an additional 1,685 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Albertsons Companies

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the business's stock in a transaction on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.35% of the stock is currently owned by company insiders.

Albertsons Companies Stock Up 1.1%

Shares of NYSE:ACI opened at $20.47 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.82 and a debt-to-equity ratio of 2.17. The business has a fifty day moving average of $21.67 and a two-hundred day moving average of $21.23. The stock has a market cap of $11.79 billion, a P/E ratio of 12.48, a PEG ratio of 2.08 and a beta of 0.44. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%. The company had revenue of $24.88 billion during the quarter, compared to analysts' expectations of $24.68 billion. During the same quarter last year, the firm earned $0.66 earnings per share. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. On average, research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, July 25th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Friday, July 25th. Albertsons Companies's payout ratio is currently 36.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $24.00 target price on shares of Albertsons Companies in a report on Wednesday. BMO Capital Markets raised Albertsons Companies from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $19.00 to $25.00 in a report on Wednesday, May 7th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a report on Wednesday, April 16th. Tigress Financial reaffirmed a "buy" rating and set a $28.00 target price on shares of Albertsons Companies in a report on Tuesday, July 8th. Finally, Evercore ISI decreased their target price on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Thursday, April 17th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.20.

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.

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