Albertsons Companies (NYSE:ACI) Lifted to Buy at Roth Mkm

Roth Mkm upgraded shares of Albertsons Companies (NYSE:ACI - Free Report) from a neutral rating to a buy rating in a research report report published on Tuesday, MarketBeat reports. Roth Mkm currently has $24.00 target price on the stock.

A number of other equities analysts have also recently weighed in on the company. Telsey Advisory Group reiterated a market perform rating and set a $27.25 price target on shares of Albertsons Companies in a report on Wednesday, April 17th. Evercore ISI reduced their price objective on Albertsons Companies from $23.00 to $22.00 and set an in-line rating for the company in a research report on Tuesday, April 16th. Royal Bank of Canada reduced their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an outperform rating for the company in a research note on Tuesday. Finally, Tigress Financial restated a buy rating and set a $27.00 price target on shares of Albertsons Companies in a report on Friday, January 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $24.45.

Albertsons Companies Stock Up 0.4 %

Shares of ACI stock traded up $0.09 on Tuesday, hitting $20.32. The stock had a trading volume of 3,170,587 shares, compared to its average volume of 3,442,060. The company has a quick ratio of 0.19, a current ratio of 0.85 and a debt-to-equity ratio of 3.09. The business has a 50 day moving average price of $20.90 and a 200 day moving average price of $21.64. The company has a market cap of $11.71 billion, a PE ratio of 8.67, a P/E/G ratio of 0.96 and a beta of 0.50. Albertsons Companies has a one year low of $19.88 and a one year high of $23.88.

Albertsons Companies Announces Dividend

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 given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Thursday, April 25th. Albertsons Companies's payout ratio is 20.51%.

Institutional Investors Weigh In On Albertsons Companies

A number of institutional investors have recently modified their holdings of the stock. Amalgamated Bank raised its holdings in Albertsons Companies by 2.7% in the 1st quarter. Amalgamated Bank now owns 79,586 shares of the company's stock worth $1,706,000 after purchasing an additional 2,088 shares during the period. IFM Investors Pty Ltd lifted its position in Albertsons Companies by 19.2% in the first quarter. IFM Investors Pty Ltd now owns 69,571 shares of the company's stock valued at $1,492,000 after purchasing an additional 11,224 shares during the period. Denali Advisors LLC raised its position in shares of Albertsons Companies by 540,666.7% during the 1st quarter. Denali Advisors LLC now owns 32,446 shares of the company's stock worth $696,000 after purchasing an additional 32,440 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Albertsons Companies by 0.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 691,123 shares of the company's stock valued at $14,818,000 after buying an additional 1,936 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Albertsons Companies by 5.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 43,304 shares of the company's stock worth $928,000 after buying an additional 2,144 shares in 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.