Focus Partners Wealth Purchases 16,871 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Focus Partners Wealth boosted its position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,952 shares of the company's stock after purchasing an additional 16,871 shares during the quarter. Focus Partners Wealth's holdings in Albertsons Companies were worth $1,315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC increased 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 worth $27,000 after acquiring an additional 959 shares in the last quarter. Twin Capital Management Inc. increased its stake in shares of 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 purchasing an additional 1,146 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings 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 during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of 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. Finally, WealthCollab LLC grew its stake in shares of Albertsons Companies by 446.0% in the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after buying an additional 1,454 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

Insider Activity

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 transaction, the executive vice president now directly owns 162,569 shares of the company's stock, valued at $3,488,730.74. The trade was a 22.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ACI. Tigress Financial lifted their price objective on Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Evercore ISI dropped their price target 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. Telsey Advisory Group reissued an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Friday, April 11th. JPMorgan Chase & Co. lifted their target price on shares of Albertsons Companies from $24.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Citigroup started coverage on shares of Albertsons Companies in a report on Friday, January 24th. They set a "buy" rating and a $26.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.36.

Albertsons Companies Stock Performance

ACI stock opened at $22.10 on Friday. 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, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The company has a market cap of $12.72 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. The stock's fifty day moving average price is $21.69 and its 200-day moving average price is $20.48.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. The business had revenue of $18.80 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.54 EPS. On average, equities analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

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

Albertsons Companies Company 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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