Mercer Global Advisors Inc. ADV Takes Position in Albertsons Companies, Inc. (NYSE:ACI)

Mercer Global Advisors Inc. ADV purchased a new stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,703 shares of the company's stock, valued at approximately $269,000.

Several other hedge funds also recently made changes to their positions in ACI. Capital Advisors Ltd. LLC lifted its stake in Albertsons Companies by 225.1% during the fourth 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 last quarter. EverSource Wealth Advisors LLC lifted its stake 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 valued at $35,000 after acquiring an additional 1,358 shares during the last quarter. WealthCollab LLC lifted its stake in shares of Albertsons Companies by 446.0% in the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company's stock valued at $35,000 after acquiring an additional 1,454 shares during the last quarter. Ossiam bought a new stake in shares of Albertsons Companies in the 4th quarter valued at about $93,000. Finally, Steward Partners Investment Advisory LLC lifted its stake 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 acquiring an additional 4,101 shares during the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ACI. The Goldman Sachs Group reaffirmed a "buy" rating and set a $26.00 price target on shares of Albertsons Companies in a research report on Tuesday, February 4th. Tigress Financial upped their price target on Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $26.00 price target on shares of Albertsons Companies in a research report on Friday, April 11th. UBS Group lowered their price target on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup began coverage on Albertsons Companies in a research report on Friday, January 24th. They set a "buy" rating and a $26.00 price target for the company. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.36.

Albertsons Companies Stock Down 1.4%

Shares of Albertsons Companies stock traded down $0.30 during midday trading on Monday, hitting $21.80. The company had a trading volume of 4,122,805 shares, compared to its average volume of 4,594,600. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The stock has a market capitalization of $12.55 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.92 and a beta of 0.47. The company has a 50 day moving average of $21.69 and a 200 day moving average of $20.50. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 44.70% and a net margin of 1.30%. During the same quarter in the prior year, the business posted $0.54 EPS. On average, equities analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, April 25th. This represents a $0.60 annualized dividend and a yield of 2.75%. Albertsons Companies's dividend payout ratio is 36.59%.

Insider Buying and Selling at Albertsons Companies

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the stock in a transaction on 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 now directly owns 162,569 shares in the company, valued at approximately $3,488,730.74. This trade represents a 22.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.26% of the company's stock.

About Albertsons Companies

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.