Pallas Capital Advisors LLC Invests $838,000 in Albertsons Companies, Inc. (NYSE:ACI)

Pallas Capital Advisors LLC acquired a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 38,127 shares of the company's stock, valued at approximately $838,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Advisors Ltd. LLC boosted its position 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 purchasing an additional 959 shares in the last quarter. WealthCollab LLC grew its holdings in shares of 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 acquiring an additional 1,454 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Albertsons Companies by 316.6% during the 4th 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 during the last quarter. Ossiam purchased a new stake in shares of Albertsons Companies during the 4th quarter worth approximately $93,000. Finally, CoreCap Advisors LLC grew its stake in shares of Albertsons Companies by 241,500.0% during the 4th quarter. CoreCap Advisors LLC now owns 4,832 shares of the company's stock worth $95,000 after acquiring an additional 4,830 shares during the period. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Price Performance

Shares of NYSE:ACI traded up $0.05 during trading on Thursday, reaching $21.32. 683,259 shares of the company's stock traded hands, compared to its average volume of 4,703,515. The firm has a market cap of $12.27 billion, a PE ratio of 11.98, a P/E/G ratio of 1.92 and a beta of 0.46. The company has a 50-day simple moving average of $21.76 and a 200-day simple moving average of $20.82. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion for 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 period in the previous year, the firm earned $0.54 earnings per share. As a group, analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ACI. JPMorgan Chase & Co. boosted their target price on shares of Albertsons Companies from $24.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Friday, April 11th. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price target on shares of Albertsons Companies in a research note on Wednesday, April 16th. UBS Group cut their price objective 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. 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 research report on Thursday, April 17th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.36.

Insider Buying and Selling at Albertsons Companies

In other news, EVP Omer Gajial sold 47,303 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 162,569 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. 1.26% of the stock is owned by insiders.

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.