11,799 Shares in Albertsons Companies, Inc. (NYSE:ACI) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in Albertsons Companies, Inc. (NYSE:ACI) during the fourth quarter, HoldingsChannel reports. The firm purchased 11,799 shares of the company’s stock, valued at approximately $2,710,000.

Other hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. raised its position in Albertsons Companies by 26.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 135,968 shares of the company’s stock worth $3,126,000 after buying an additional 28,049 shares during the last quarter. Arizona State Retirement System raised its position in Albertsons Companies by 9.9% in the 4th quarter. Arizona State Retirement System now owns 94,932 shares of the company’s stock worth $2,183,000 after buying an additional 8,558 shares during the last quarter. State of Michigan Retirement System purchased a new position in Albertsons Companies in the 4th quarter worth about $264,000. Blue Trust Inc. raised its position in Albertsons Companies by 255.1% in the 4th quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock worth $34,000 after buying an additional 1,051 shares during the last quarter. Finally, Schechter Investment Advisors LLC raised its position in Albertsons Companies by 7.1% in the 4th quarter. Schechter Investment Advisors LLC now owns 776,966 shares of the company’s stock worth $17,870,000 after buying an additional 51,590 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ACI. Evercore ISI decreased their target price on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 13th. Roth Mkm upped their price target on shares of Albertsons Companies from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a research report on Wednesday. Finally, Tigress Financial reaffirmed a “buy” rating and set a $27.00 price target on shares of Albertsons Companies in a research report on Friday, January 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Albertsons Companies has an average rating of “Hold” and a consensus target price of $24.85.

Albertsons Companies Price Performance

NYSE ACI opened at $20.46 on Friday. The company has a 50-day moving average price of $20.93 and a 200-day moving average price of $21.69. The firm has a market capitalization of $11.78 billion, a P/E ratio of 8.74, a PEG ratio of 0.95 and a beta of 0.50. The company has a quick ratio of 0.19, a current ratio of 0.85 and a debt-to-equity ratio of 3.09. Albertsons Companies, Inc. has a 52 week low of $19.88 and a 52 week high of $23.88.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend 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 (DPR) is presently 20.51%.

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.