Albertsons Companies (NYSE:ACI) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Albertsons Companies (NYSE:ACI) in a research note released on Wednesday, Benzinga reports. The brokerage currently has a $27.25 price objective on the stock.

Several other research firms have also recently weighed in on ACI. Roth Mkm boosted their price target on shares of Albertsons Companies from $23.00 to $24.00 and gave the stock a neutral rating in a report on Wednesday, January 10th. Tigress Financial restated a buy rating and issued a $27.00 target price on shares of Albertsons Companies in a research note on Friday, January 12th. Royal Bank of Canada reaffirmed an outperform rating and issued a $24.00 target price on shares of Albertsons Companies in a report on Tuesday, February 13th. Finally, Evercore ISI dropped their price target on Albertsons Companies from $23.00 to $22.00 and set an in-line rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $24.85.

Albertsons Companies Price Performance

ACI opened at $20.43 on Wednesday. Albertsons Companies has a 1 year low of $19.88 and a 1 year high of $23.88. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.85 and a quick ratio of 0.19. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 0.95 and a beta of 0.50. The firm’s fifty day moving average price is $20.95 and its two-hundred day moving average price is $21.70.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, April 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.35%. Albertsons Companies’s dividend payout ratio is presently 20.51%.

Institutional Investors Weigh In On Albertsons Companies

Several large investors have recently added to or reduced their stakes in ACI. NBC Securities Inc. purchased a new stake in Albertsons Companies during the third quarter valued at about $28,000. Blue Trust Inc. raised its position in shares of Albertsons Companies by 255.1% in the fourth quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock valued at $34,000 after purchasing an additional 1,051 shares during the period. Resurgent Financial Advisors LLC bought a new stake in shares of Albertsons Companies in the fourth quarter valued at approximately $45,000. UniSuper Management Pty Ltd purchased a new stake in shares of Albertsons Companies during the 2nd quarter valued at approximately $46,000. Finally, Fortis Capital Advisors LLC bought a new position in Albertsons Companies in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

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.