Lido Advisors LLC Makes New Investment in Albertsons Companies, Inc. (NYSE:ACI)

Lido Advisors LLC acquired a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 100,568 shares of the company's stock, valued at approximately $1,975,000.

Several other large investors also recently modified their holdings of ACI. Synovus Financial Corp increased its stake in shares of Albertsons Companies by 10.0% in the third quarter. Synovus Financial Corp now owns 13,192 shares of the company's stock valued at $244,000 after buying an additional 1,197 shares during the period. DGS Capital Management LLC acquired a new position in Albertsons Companies in the 3rd quarter valued at approximately $199,000. Everence Capital Management Inc. bought a new position in shares of Albertsons Companies during the fourth quarter valued at $242,000. Winthrop Advisory Group LLC acquired a new position in shares of Albertsons Companies during the fourth quarter worth $1,011,000. Finally, Eagle Bay Advisors LLC increased its holdings in Albertsons Companies by 108.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock valued at $26,000 after purchasing an additional 700 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Stock Performance

Shares of NYSE ACI traded up $0.48 during midday trading on Wednesday, reaching $22.41. The company's stock had a trading volume of 1,793,721 shares, compared to its average volume of 6,521,960. The firm has a 50 day moving average price of $21.50 and a 200-day moving average price of $20.28. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20. The stock has a market capitalization of $12.90 billion, a P/E ratio of 12.58, a PEG ratio of 1.92 and a beta of 0.47.

Albertsons Companies (NYSE:ACI - Get Free Report) last released 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. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The company had revenue of $18.80 billion for the quarter, compared to analysts' expectations of $18.78 billion. During the same period in the previous year, the business posted $0.54 EPS. As a group, equities analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.68%. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Telsey Advisory Group reiterated an "outperform" rating and set a $26.00 price target on shares of Albertsons Companies in a report on Friday, April 11th. Citigroup initiated coverage on Albertsons Companies in a report on Friday, January 24th. They issued a "buy" rating and a $26.00 target price for the company. JPMorgan Chase & Co. increased their price target on Albertsons Companies from $24.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. BMO Capital Markets raised Albertsons Companies from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $19.00 to $25.00 in a research note on Wednesday. Finally, Tigress Financial raised their price objective on Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.