Focus Partners Wealth Has $1.32 Million Position in Albertsons Companies, Inc. (NYSE:ACI)

Focus Partners Wealth lifted its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 33.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,952 shares of the company's stock after acquiring an additional 16,871 shares during the period. Focus Partners Wealth's holdings in Albertsons Companies were worth $1,315,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Ensign Peak Advisors Inc raised its stake in shares of Albertsons Companies by 392.2% in the 4th quarter. Ensign Peak Advisors Inc now owns 28,004 shares of the company's stock valued at $550,000 after acquiring an additional 22,315 shares in the last quarter. Ethic Inc. raised its stake in shares of Albertsons Companies by 35.7% in the 4th quarter. Ethic Inc. now owns 49,072 shares of the company's stock valued at $964,000 after acquiring an additional 12,912 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Albertsons Companies by 205.2% in the 4th quarter. Deutsche Bank AG now owns 2,438,095 shares of the company's stock valued at $47,884,000 after acquiring an additional 1,639,190 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of Albertsons Companies by 241,500.0% in the 4th quarter. CoreCap Advisors LLC now owns 4,832 shares of the company's stock valued at $95,000 after acquiring an additional 4,830 shares in the last quarter. Finally, Crestline Management LP bought a new position in Albertsons Companies in the 4th quarter worth approximately $524,000. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Stock Performance

Shares of NYSE:ACI traded up $0.29 during trading on Friday, hitting $22.12. 2,334,523 shares of the stock were exchanged, compared to its average volume of 4,615,238. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. The company's fifty day simple moving average is $21.74 and its 200-day simple moving average is $20.59. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. The company 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 44.70% and a net margin of 1.30%. During the same quarter last year, the firm earned $0.54 EPS. Sell-side analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Albertsons Companies from $24.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 price target on shares of Albertsons Companies in a research report on Wednesday, April 16th. UBS Group dropped their price target on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Citigroup assumed coverage on Albertsons Companies in a research report on Friday, January 24th. They issued a "buy" rating and a $26.00 price target on the stock. Finally, Evercore ISI dropped their price target on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.36.

Insider Activity at Albertsons Companies

In related 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 value of $1,015,122.38. Following the sale, the executive vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is owned by insiders.

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.