20,037 Shares in Albertsons Companies, Inc. (NYSE:ACI) Purchased by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. 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 20,037 shares of the company's stock, valued at approximately $441,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Albertsons Companies by 316.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after buying an additional 1,358 shares in the last quarter. WealthCollab LLC raised 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 purchasing an additional 1,454 shares in the last quarter. Bessemer Group Inc. purchased a new stake in Albertsons Companies during the first quarter valued at about $40,000. GAMMA Investing LLC increased its holdings in shares of Albertsons Companies by 340.1% in the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after buying an additional 1,483 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of Albertsons Companies by 54.8% in the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock worth $66,000 after buying an additional 1,061 shares during the period. Institutional investors own 71.35% of the company's stock.

Albertsons Companies Price Performance

Shares of ACI traded up $0.23 during mid-day trading on Friday, hitting $20.47. The company's stock had a trading volume of 7,587,961 shares, compared to its average volume of 5,126,438. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The firm has a 50-day moving average price of $21.67 and a 200 day moving average price of $21.23. The stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 2.08 and a beta of 0.44. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.22.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The business had revenue of $24.88 billion for the quarter, compared to analyst estimates of $24.68 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Albertsons Companies's revenue was up 2.5% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, July 25th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Friday, July 25th. Albertsons Companies's dividend payout ratio is currently 36.59%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Telsey Advisory Group reissued an "outperform" rating and issued a $24.00 price target on shares of Albertsons Companies in a research report on Wednesday. Wall Street Zen lowered shares of Albertsons Companies from a "buy" rating to a "hold" rating in a research note on Friday. BMO Capital Markets upgraded shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $19.00 to $25.00 in a research note on Wednesday, May 7th. Roth Capital reissued a "buy" rating and set a $24.00 price objective (up previously from $23.00) on shares of Albertsons Companies in a research report on Wednesday. Finally, JPMorgan Chase & Co. set a $31.00 price objective on shares of Albertsons Companies in a research report on Tuesday, July 8th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $24.20.

Insider Activity at Albertsons Companies

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 sale, the executive vice president directly owned 162,569 shares of the company's stock, valued at approximately $3,488,730.74. This trade represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.35% of the company's stock.

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.