Rehmann Capital Advisory Group Raises Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Rehmann Capital Advisory Group boosted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,765 shares of the company’s stock after purchasing an additional 1,153 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Albertsons Companies were worth $486,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ACI. WealthCollab LLC increased its stake in shares of Albertsons Companies by 446.0% in the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock worth $35,000 after buying an additional 1,454 shares during the last quarter. AQR Capital Management LLC grew its holdings in Albertsons Companies by 438.9% during the 4th quarter. AQR Capital Management LLC now owns 278,009 shares of the company’s stock worth $5,460,000 after acquiring an additional 226,419 shares in the last quarter. Candlestick Capital Management LP bought a new stake in shares of Albertsons Companies in the 4th quarter worth about $30,376,000. Lido Advisors LLC acquired a new stake in shares of Albertsons Companies in the 4th quarter valued at about $1,975,000. Finally, Northern Trust Corp lifted its position in shares of Albertsons Companies by 38.5% during the fourth quarter. Northern Trust Corp now owns 2,786,507 shares of the company’s stock worth $54,727,000 after purchasing an additional 774,978 shares during the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 price objective on shares of Albertsons Companies in a report on Friday, April 11th. Evercore ISI lowered 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 Thursday, April 17th. Citigroup began coverage on Albertsons Companies in a research note on Friday, January 24th. They set a “buy” rating and a $26.00 price objective on the stock. UBS Group lowered their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price target on shares of Albertsons Companies in a research report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.93.

Albertsons Companies Price Performance

NYSE ACI opened at $22.01 on Friday. The company has a 50-day moving average price of $21.43 and a two-hundred day moving average price of $20.20. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. 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 52 week low of $17.00 and a 52 week high of $23.20.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The firm had revenue of $18.80 billion for the quarter, compared to analysts’ expectations of $18.78 billion. During the same period last year, the firm earned $0.54 EPS. Analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Friday, April 25th. Albertsons Companies’s payout ratio is currently 36.59%.

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.