Albertsons Companies, Inc. (NYSE:ACI - Get Free Report) declared a quarterly dividend on Thursday, April 11th, NASDAQ reports. Shareholders of record on Friday, April 26th will be given a dividend of 0.12 per share on Friday, May 10th. This represents a $0.48 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, April 25th.
Albertsons Companies has raised its dividend payment by an average of 68.7% annually over the last three years. Albertsons Companies has a dividend payout ratio of 18.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Albertsons Companies to earn $2.65 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 18.1%.
Albertsons Companies Trading Down 0.9 %
Shares of NYSE:ACI traded down $0.18 during trading on Thursday, reaching $20.68. The company's stock had a trading volume of 2,705,503 shares, compared to its average volume of 3,535,454. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 3.09. Albertsons Companies has a 12 month low of $19.88 and a 12 month high of $23.88. The firm's 50 day simple moving average is $21.03 and its two-hundred day simple moving average is $21.78. The stock has a market capitalization of $11.91 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 0.99 and a beta of 0.50.
Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings results on Tuesday, January 9th. The company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.14. Albertsons Companies had a net margin of 1.71% and a return on equity of 83.38%. The firm had revenue of $18.56 billion during the quarter, compared to the consensus estimate of $18.36 billion. During the same quarter last year, the firm earned $0.82 EPS. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts predict that Albertsons Companies will post 2.75 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently commented on ACI. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $24.00 price target on shares of Albertsons Companies in a report on Tuesday, February 13th. Telsey Advisory Group reissued a "market perform" rating and issued a $27.25 price objective on shares of Albertsons Companies in a research report on Thursday, January 4th. Roth Mkm increased their price objective on shares of Albertsons Companies from $23.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 10th. Finally, Tigress Financial reissued a "buy" rating and issued a $27.00 price objective on shares of Albertsons Companies in a research report on Friday, January 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $25.56.
Read Our Latest Research Report on Albertsons Companies
Institutional Trading of Albertsons Companies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACI. JPMorgan Chase & Co. increased its position in shares of Albertsons Companies by 195.6% during the first quarter. JPMorgan Chase & Co. now owns 244,265 shares of the company's stock worth $8,122,000 after acquiring an additional 161,634 shares during the period. Raymond James & Associates increased its position in shares of Albertsons Companies by 4.4% during the first quarter. Raymond James & Associates now owns 33,937 shares of the company's stock worth $1,128,000 after acquiring an additional 1,435 shares during the period. Bank of New York Mellon Corp increased its position in shares of Albertsons Companies by 6.6% during the first quarter. Bank of New York Mellon Corp now owns 1,023,813 shares of the company's stock worth $34,043,000 after acquiring an additional 63,822 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Albertsons Companies by 18.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,808 shares of the company's stock worth $293,000 after acquiring an additional 1,360 shares during the period. Finally, HighTower Advisors LLC purchased a new position in shares of Albertsons Companies during the first quarter worth approximately $207,000. 71.35% of the stock is owned by hedge funds and other institutional investors.
About Albertsons Companies
(
Get Free Report)
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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