Albertsons Companies, Inc. (NYSE:ACI) Shares Acquired by Elgethun Capital Management

Elgethun Capital Management raised its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,667 shares of the company’s stock after purchasing an additional 1,966 shares during the quarter. Elgethun Capital Management’s holdings in Albertsons Companies were worth $3,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Twin Capital Management Inc. grew its holdings in Albertsons Companies by 2.9% during the fourth quarter. Twin Capital Management Inc. now owns 40,476 shares of the company’s stock worth $795,000 after acquiring an additional 1,146 shares during the period. Invesco Ltd. increased its holdings in shares of Albertsons Companies by 21.1% in the 4th quarter. Invesco Ltd. now owns 962,848 shares of the company’s stock valued at $18,910,000 after purchasing an additional 167,439 shares in the last quarter. Polymer Capital Management US LLC acquired a new stake in shares of Albertsons Companies in the fourth quarter valued at about $638,000. FMR LLC boosted its stake in shares of Albertsons Companies by 55.3% during the 4th quarter. FMR LLC now owns 26,150,522 shares of the company’s stock worth $513,596,000 after acquiring an additional 9,308,940 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Albertsons Companies by 8.4% in the fourth quarter. Federated Hermes Inc. now owns 790,039 shares of the company’s stock valued at $15,516,000 after buying an additional 60,993 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $26.00 target price on shares of Albertsons Companies in a report on Tuesday, March 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 4th. UBS Group lowered their price target on Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Citigroup began coverage on Albertsons Companies in a research report on Friday, January 24th. They set a “buy” rating and a $26.00 price target for the company. Finally, Bank of America began coverage on shares of Albertsons Companies in a research report on Friday, December 13th. They set a “neutral” rating and a $22.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Albertsons Companies Trading Down 4.2 %

Albertsons Companies stock opened at $21.95 on Monday. The firm’s 50-day moving average is $20.99 and its 200-day moving average is $19.78. The company has a market cap of $12.71 billion, a P/E ratio of 12.33, a PEG ratio of 1.92 and a beta of 0.47. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20.

Albertsons Companies (NYSE:ACI) last posted its 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 firm 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%. Albertsons Companies’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS. On average, equities analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Increases Dividend

The firm 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. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, January 24th. This represents a $0.60 annualized dividend and a dividend yield of 2.73%. Albertsons Companies’s dividend payout ratio is presently 33.71%.

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.