Mariner LLC Invests $373,000 in Albertsons Companies, Inc. (NYSE:ACI)

Mariner LLC bought a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,991 shares of the company's stock, valued at approximately $373,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eagle Bay Advisors LLC boosted its holdings in shares of Albertsons Companies by 108.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock valued at $26,000 after acquiring an additional 700 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in 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 during the period. EverSource Wealth Advisors LLC raised its stake 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 buying an additional 1,358 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Albertsons Companies by 91.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock valued at $169,000 after buying an additional 4,101 shares during the period. Finally, R Squared Ltd acquired a new stake in Albertsons Companies during the fourth quarter worth about $179,000. Hedge funds and other institutional investors own 71.35% of the company's stock.

Wall Street Analyst Weigh In

ACI has been the subject of a number of analyst reports. Citigroup initiated coverage on Albertsons Companies in a report on Friday, January 24th. They issued a "buy" rating and a $26.00 price target for the company. Evercore ISI lowered their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. raised their price target on shares of Albertsons Companies from $24.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday. The Goldman Sachs Group reiterated a "buy" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, February 4th. Finally, UBS Group dropped their target price 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. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $23.93.

Albertsons Companies Stock Performance

Shares of NYSE:ACI opened at $21.95 on Friday. The business's 50 day moving average price is $21.45 and its 200-day moving average price is $20.24. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The firm has a market capitalization of $12.64 billion, a PE ratio of 12.33, a P/E/G ratio of 1.92 and a beta of 0.47.

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, beating analysts' consensus estimates of $0.40 by $0.06. The business had revenue of $18.80 billion during the quarter, compared to analysts' expectations 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 prior year, the business earned $0.54 earnings per share. As a group, equities research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a $0.15 dividend. The ex-dividend date is Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.73%. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

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.

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