Albertsons Companies, Inc. (NYSE:ACI) Shares Bought by Korea Investment CORP

Korea Investment CORP increased its stake in Albertsons Companies, Inc. (NYSE:ACI) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 247,060 shares of the company’s stock after purchasing an additional 4,374 shares during the quarter. Korea Investment CORP’s holdings in Albertsons Companies were worth $4,852,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Private Management Group Inc. lifted its stake in shares of Albertsons Companies by 2.0% in the 4th quarter. Private Management Group Inc. now owns 2,196,484 shares of the company’s stock worth $43,138,000 after acquiring an additional 43,532 shares during the period. NINE MASTS CAPITAL Ltd acquired a new stake in Albertsons Companies in the fourth quarter worth approximately $746,000. K2 Principal Fund L.P. boosted its stake in Albertsons Companies by 68.4% during the 3rd quarter. K2 Principal Fund L.P. now owns 270,501 shares of the company’s stock valued at $4,999,000 after purchasing an additional 109,901 shares in the last quarter. ORBA Wealth Advisors L.L.C. acquired a new position in shares of Albertsons Companies during the 4th quarter valued at $433,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of Albertsons Companies in the 3rd quarter worth $1,906,000. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Trading Up 1.7 %

Shares of NYSE ACI opened at $21.99 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $22.05. The business has a 50-day moving average price of $20.77 and a two-hundred day moving average price of $19.67. The firm has a market capitalization of $12.74 billion, a PE ratio of 12.36, a PEG ratio of 1.92 and a beta of 0.50.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. The business had revenue of $18.77 billion during the quarter, compared to analysts’ expectations of $18.82 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.79 earnings per share. As a group, analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, January 24th. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.73%. Albertsons Companies’s dividend payout ratio is 33.71%.

Analyst Upgrades and Downgrades

ACI has been the subject of several research reports. Bank of America started coverage on Albertsons Companies in a research note on Friday, December 13th. They set a “neutral” rating and a $22.00 target price for the company. Evercore ISI boosted their target price on shares of Albertsons Companies from $21.00 to $22.00 and gave the stock an “in-line” rating in a report on Tuesday, March 11th. Morgan Stanley reduced their target price on shares of Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Citigroup assumed coverage on Albertsons Companies in a report on Friday, January 24th. They issued a “buy” rating and a $26.00 price target on the stock. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, March 11th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Albertsons Companies has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Albertsons Companies 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.