Albertsons Companies (NYSE:ACI) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Albertsons Companies (NYSE:ACI - Free Report) in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a $27.25 price target on the stock.

ACI has been the topic of a number of other reports. Tigress Financial reiterated a buy rating and issued a $27.00 price target on shares of Albertsons Companies in a report on Friday, January 12th. Royal Bank of Canada reiterated an outperform rating and issued a $24.00 price target on shares of Albertsons Companies in a research report on Tuesday, February 13th. Roth Mkm upped their price objective on Albertsons Companies from $23.00 to $24.00 and gave the company a neutral rating in a research report on Wednesday, January 10th. Finally, Evercore ISI decreased their price target on Albertsons Companies from $23.00 to $22.00 and set an in-line rating on the stock in a report on Tuesday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $24.85.

Albertsons Companies Price Performance

Shares of Albertsons Companies stock traded up $0.21 during trading hours on Wednesday, hitting $20.43. The company's stock had a trading volume of 1,606,896 shares, compared to its average volume of 3,483,915. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.19 and a current ratio of 0.85. Albertsons Companies has a 12-month low of $19.88 and a 12-month high of $23.88. The business has a 50 day moving average price of $20.97 and a two-hundred day moving average price of $21.71. The company has a market cap of $11.77 billion, a PE ratio of 8.75, a PEG ratio of 0.95 and a beta of 0.50.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.35%. The ex-dividend date is Thursday, April 25th. Albertsons Companies's dividend payout ratio is currently 20.51%.

Institutional Trading of Albertsons Companies

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in Albertsons Companies by 195.6% during the 1st quarter. JPMorgan Chase & Co. now owns 244,265 shares of the company's stock worth $8,122,000 after buying an additional 161,634 shares during the last quarter. Raymond James & Associates raised its holdings in Albertsons Companies by 4.4% in the 1st quarter. Raymond James & Associates now owns 33,937 shares of the company's stock worth $1,128,000 after purchasing an additional 1,435 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Albertsons Companies by 6.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,023,813 shares of the company's stock worth $34,043,000 after buying an additional 63,822 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Albertsons Companies by 18.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,808 shares of the company's stock valued at $293,000 after buying an additional 1,360 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Albertsons Companies during the first quarter valued at approximately $207,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

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.