Pacific Point Advisors LLC Invests $248,000 in Albertsons Companies, Inc. (NYSE:ACI)

Pacific Point Advisors LLC purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,258 shares of the company's stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACI. Capital Advisors Ltd. LLC increased its holdings in shares of Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock worth $27,000 after buying an additional 959 shares during the last quarter. WealthCollab LLC grew its position in Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock valued at $35,000 after acquiring an additional 1,454 shares during the period. EverSource Wealth Advisors LLC increased its stake in Albertsons Companies by 316.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after acquiring an additional 1,358 shares during the last quarter. Ossiam purchased a new position in shares of Albertsons Companies in the 4th quarter worth about $93,000. Finally, CoreCap Advisors LLC lifted 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 purchasing an additional 4,830 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Insider Buying and Selling

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 shares were sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the completion of the sale, the executive vice president now owns 162,569 shares in the company, valued at $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 is available at this link. Insiders own 1.26% of the company's stock.

Albertsons Companies Stock Up 1.3%

Shares of NYSE:ACI traded up $0.29 during trading on Monday, hitting $22.12. The company's stock had a trading volume of 2,334,523 shares, compared to its average volume of 4,628,416. 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, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The stock's 50-day moving average price is $21.74 and its two-hundred day moving average price is $20.61. The company has a market capitalization of $12.73 billion, a PE ratio of 12.42, a PEG ratio of 1.92 and a beta of 0.47.

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 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 the consensus estimate of $18.78 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. During the same quarter last year, the company earned $0.54 earnings per share. As a group, sell-side analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

ACI has been the topic of several research reports. The Goldman Sachs Group restated a "buy" rating and issued a $26.00 price target on shares of Albertsons Companies in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised their target price on shares of Albertsons Companies from $24.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Telsey Advisory Group restated an "outperform" rating and set a $26.00 target price on shares of Albertsons Companies in a report on Friday, April 11th. Tigress Financial upped their price target on shares of Albertsons Companies from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, UBS Group lowered their price target on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Albertsons Companies currently has an average rating of "Moderate Buy" and an average target price of $24.36.

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.