Albertsons Companies, Inc. (NYSE:ACI) Shares Purchased by CoreCap Advisors LLC

CoreCap Advisors LLC boosted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 241,500.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,832 shares of the company’s stock after buying an additional 4,830 shares during the quarter. CoreCap Advisors LLC’s holdings in Albertsons Companies were worth $95,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC lifted its holdings in Albertsons Companies by 108.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock worth $26,000 after buying an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock worth $27,000 after buying an additional 959 shares in the last quarter. WealthCollab LLC lifted its holdings in Albertsons Companies by 446.0% during the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock worth $35,000 after buying an additional 1,454 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock worth $35,000 after buying an additional 1,358 shares in the last quarter. Finally, Ossiam acquired a new stake in Albertsons Companies during the 4th quarter worth approximately $93,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Trading Down 2.1%

NYSE ACI opened at $21.84 on Wednesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The firm’s fifty day moving average price is $21.66 and its 200 day moving average price is $20.41. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month 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 analysts’ consensus estimates of $0.40 by $0.06. The firm had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. During the same period last year, the firm posted $0.54 EPS. On average, sell-side analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies’s dividend payout ratio (DPR) is 36.59%.

Analysts Set New Price Targets

A number of research firms have issued reports on ACI. Citigroup began coverage on shares of Albertsons Companies in a report on Friday, January 24th. They set a “buy” rating and a $26.00 target price on the stock. UBS Group reduced their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price objective on shares of Albertsons Companies in a report on Wednesday, April 16th. Tigress Financial raised their price objective on shares of Albertsons Companies from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Albertsons Companies from $24.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.36.

About Albertsons Companies

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.