Albertsons Companies' (ACI) "Market Perform" Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Albertsons Companies (NYSE:ACI - Free Report) in a report released on Tuesday morning, Benzinga reports. They currently have a $27.25 price objective on the stock.

Several other research firms have also recently commented on ACI. Tigress Financial reissued a buy rating and set a $27.00 target price on shares of Albertsons Companies in a research note on Friday, January 12th. Royal Bank of Canada decreased their price target on Albertsons Companies from $23.00 to $22.00 and set an outperform rating for the company in a report on Tuesday. Roth Mkm raised Albertsons Companies from a neutral rating to a buy rating and set a $24.00 price target for the company in a report on Tuesday. Finally, Evercore ISI decreased their price target on Albertsons Companies from $23.00 to $22.00 and set an in-line rating for the company in a report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $24.45.

Albertsons Companies Stock Up 0.4 %

ACI traded up $0.09 on Tuesday, hitting $20.32. 3,170,587 shares of the company were exchanged, compared to its average volume of 3,442,060. Albertsons Companies has a twelve month low of $19.88 and a twelve month high of $23.88. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 0.96 and a beta of 0.50. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 3.09. The firm has a 50-day moving average price of $20.88 and a two-hundred day moving average price of $21.62.

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, April 25th. Albertsons Companies's payout ratio is currently 20.51%.

Institutional Trading of Albertsons Companies

Institutional investors and hedge funds have recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in shares of Albertsons Companies in the 3rd quarter valued at about $28,000. Blue Trust Inc. raised its stake in Albertsons Companies by 255.1% during the 4th quarter. Blue Trust Inc. now owns 1,463 shares of the company's stock valued at $34,000 after acquiring an additional 1,051 shares during the last quarter. Van ECK Associates Corp purchased a new stake in Albertsons Companies during the 3rd quarter valued at approximately $52,000. Principal Securities Inc. purchased a new stake in Albertsons Companies during the 4th quarter valued at approximately $62,000. Finally, CI Investments Inc. raised its stake in Albertsons Companies by 21.8% during the 3rd quarter. CI Investments Inc. now owns 4,373 shares of the company's stock valued at $99,000 after acquiring an additional 783 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

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.