Quantinno Capital Management LP Buys New Shares in Albertsons Companies, Inc. (NYSE:ACI)

Quantinno Capital Management LP bought a new position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 16,779 shares of the company's stock, valued at approximately $330,000.

A number of other large investors have also recently modified their holdings of ACI. Capital Advisors Ltd. LLC lifted its holdings in Albertsons Companies by 225.1% in the fourth 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 period. EverSource Wealth Advisors LLC raised 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 acquiring an additional 1,358 shares in the last quarter. WealthCollab LLC raised its position 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 acquiring an additional 1,454 shares in the last quarter. Ossiam purchased a new position in shares of Albertsons Companies in the 4th quarter valued at approximately $93,000. Finally, CoreCap Advisors LLC boosted its position in shares of Albertsons Companies by 241,500.0% during the fourth 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 own 71.35% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Tigress Financial increased their price objective on Albertsons Companies from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Evercore ISI lowered their price target on shares of 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. The Goldman Sachs Group restated a "buy" rating and issued a $26.00 price objective 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. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $26.00 price target on shares of Albertsons Companies in a research report on Friday, April 11th. 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 stock has an average rating of "Moderate Buy" and an average price target of $24.36.

Insider Buying and Selling

In related news, EVP Omer Gajial sold 47,303 shares of the business's stock in a transaction that occurred 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 directly owns 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.26% of the stock is currently owned by corporate insiders.

Albertsons Companies Stock Up 0.3%

Shares of ACI stock traded up $0.06 during mid-day trading on Friday, hitting $22.22. The company's stock had a trading volume of 586,056 shares, compared to its average volume of 4,618,002. 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 52-week low of $17.00 and a 52-week high of $23.20. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 1.92 and a beta of 0.47. The business has a 50-day moving average price of $21.81 and a 200 day moving average price of $20.67.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The business had revenue of $18.80 billion for the quarter, compared to analysts' expectations of $18.78 billion. During the same quarter in the prior year, the business earned $0.54 EPS. Research analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Friday, April 25th. Albertsons Companies's payout ratio is currently 36.59%.

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.