Albertsons Companies, Inc. (NYSE:ACI) was the recipient of unusually large options trading on Wednesday. Traders purchased 21,136 call options on the company. This represents an increase of 1,078% compared to the typical volume of 1,794 call options.
A number of research firms have recently issued reports on ACI. Deutsche Bank Aktiengesellschaft upped their price objective on Albertsons Companies from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, July 19th. Telsey Advisory Group increased their target price on Albertsons Companies from $28.00 to $33.00 and gave the company an "outperform" rating in a report on Wednesday, August 11th. Barclays upgraded Albertsons Companies from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $19.00 to $27.00 in a report on Wednesday, August 11th. Zacks Investment Research upgraded Albertsons Companies from a "hold" rating to a "buy" rating and set a $23.00 target price for the company in a report on Tuesday, July 27th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $20.00 target price (down from $23.00) on shares of Albertsons Companies in a report on Monday, May 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Albertsons Companies has a consensus rating of "Hold" and an average price target of $23.64.
ACI traded down $0.18 during midday trading on Wednesday, reaching $30.18. 1,694,166 shares of the company's stock traded hands, compared to its average volume of 1,789,432. The firm has a fifty day moving average of $23.38 and a two-hundred day moving average of $20.39. The stock has a market capitalization of $14.08 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 1.08 and a beta of 0.03. The company has a debt-to-equity ratio of 4.80, a current ratio of 1.10 and a quick ratio of 0.46. Albertsons Companies has a 52 week low of $12.91 and a 52 week high of $31.28.
Albertsons Companies (NYSE:ACI) last released its quarterly earnings results on Wednesday, July 28th. The company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.21. Albertsons Companies had a return on equity of 107.72% and a net margin of 1.04%. Sell-side analysts forecast that Albertsons Companies will post 2.25 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 10th. Stockholders of record on Monday, July 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Friday, July 23rd. Albertsons Companies's dividend payout ratio is currently 12.35%.
Several large investors have recently made changes to their positions in the company. Lubert Adler Management Company LP raised its position in shares of Albertsons Companies by 4.5% in the 2nd quarter. Lubert Adler Management Company LP now owns 58,128,754 shares of the company's stock worth $1,142,811,000 after acquiring an additional 2,503,063 shares in the last quarter. Colony Capital Inc. bought a new position in Albertsons Companies during the 1st quarter valued at approximately $332,313,000. Massachusetts Financial Services Co. MA increased its position in Albertsons Companies by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,974,525 shares of the company's stock valued at $113,934,000 after buying an additional 24,376 shares in the last quarter. BlackRock Inc. increased its position in Albertsons Companies by 176.9% during the 1st quarter. BlackRock Inc. now owns 4,983,422 shares of the company's stock valued at $95,034,000 after buying an additional 3,183,750 shares in the last quarter. Finally, Private Management Group Inc. increased its position in Albertsons Companies by 0.4% during the 2nd quarter. Private Management Group Inc. now owns 2,295,841 shares of the company's stock valued at $45,136,000 after buying an additional 9,641 shares in the last quarter. 58.78% of the stock is owned by hedge funds and other institutional investors.
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. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.
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