2 weeks Ago By ABMN Staff
Raymond James Financial Inc. acquired a new stake in Albertsons Companies, Inc. ( NYSE:ACI – Free Report ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The firm acquired 791,467 shares of the company’s stock, valued at approximately $15,544,000. A number of other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in shares of Albertsons Companies during the fourth quarter worth approximately $298,302,000.
FMR LLC increased its holdings in Albertsons Companies by 55.3% in the 4th quarter. FMR LLC now owns 26,150,522 shares of the company’s stock worth $513,596,000 after purchasing an additional 9,308,940 shares in the last quarter.
Vanguard Group Inc. raised its holdings in Albertsons Companies by 6.9% in the 4th quarter.
Vanguard Group Inc. now owns 36,310,122 shares of the company’s stock valued at $713,131,000 after buying an additional 2,347,875 shares during the last quarter. Massachusetts Financial Services Co.
MA grew its holdings in Albertsons Companies by 21.0% during the 4th quarter. Massachusetts Financial Services Co.
MA now owns 7,465,449 shares of the company’s stock worth $146,621,000 after acquiring an additional 1,294,848 shares during the last quarter. Finally, Trium Capital LLP acquired a new position in Albertsons Companies in the 4th quarter valued at approximately $23,678,000. 71.
35% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth ACI has been the topic of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $23.
00 price objective on shares of Albertsons Companies in a research note on Wednesday, April 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $26.00 price target on shares of Albertsons Companies in a research report on Tuesday, February 4th.
Evercore ISI cut their price objective on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Thursday, April 17th.
UBS Group decreased 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 report on Wednesday, April 16th.
Finally, Citigroup began coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They issued a “buy” rating and a $26.00 price target on the stock.
Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Albertsons Companies currently has an average rating of “Moderate Buy” and a consensus target price of $23.36.
Albertsons Companies Stock Performance ACI opened at $22.26 on Tuesday. The company has a market cap of $12.
90 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.92 and a beta of 0.
47. The company’s fifty day moving average price is $21.20 and its two-hundred day moving average price is $20.
02. Albertsons Companies, Inc. has a 1-year low of $17.
00 and a 1-year high of $23.20. 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 ( NYSE:ACI – Get Free Report ) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.
40 by $0.06. The business had revenue of $18.
80 billion for the quarter, compared to analysts’ expectations of $18.78 billion. Albertsons Companies had a net margin of 1.
30% and a return on equity of 44.70%. During the same quarter last year, the firm earned $0.
54 EPS. On average, analysts expect that Albertsons Companies, Inc. will post 2.
14 EPS for the current fiscal year. Albertsons Companies Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.
15 per share. This represents a $0.60 annualized dividend and a yield of 2.
70%. The ex-dividend date of this dividend is Friday, April 25th. Albertsons Companies’s dividend payout ratio (DPR) is presently 36.
59%. Albertsons Companies Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding ACI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Albertsons Companies, Inc.
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