Strs Ohio Has $1.93 Million Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Strs Ohio boosted its stake in Albertsons Companies, Inc. (NYSE:ACI) by 33.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 84,084 shares of the company’s stock after buying an additional 21,057 shares during the period. Strs Ohio’s holdings in Albertsons Companies were worth $1,933,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. NBC Securities Inc. acquired a new stake in shares of Albertsons Companies in the 3rd quarter valued at $28,000. Blue Trust Inc. boosted its position in 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 buying an additional 1,051 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new position in shares of Albertsons Companies in the 4th quarter worth approximately $45,000. UniSuper Management Pty Ltd acquired a new position in shares of Albertsons Companies in the 2nd quarter worth approximately $46,000. Finally, Fortis Capital Advisors LLC acquired a new position in shares of Albertsons Companies in the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Stock Performance

Albertsons Companies stock opened at $20.35 on Friday. The company’s 50-day moving average is $20.92 and its two-hundred day moving average is $21.67. Albertsons Companies, Inc. has a 1 year low of $19.88 and a 1 year high of $23.88. The company has a market cap of $11.72 billion, a PE ratio of 8.70, a PEG ratio of 0.96 and a beta of 0.50. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 3.09.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.48 annualized dividend and a yield of 2.36%. Albertsons Companies’s dividend payout ratio is currently 20.51%.

Wall Street Analyst Weigh In

A number of research firms have commented on ACI. Roth Mkm boosted their price objective on Albertsons Companies from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a research report on Wednesday. Evercore ISI reduced their price objective on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a report on Friday, January 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Albertsons Companies has a consensus rating of “Hold” and an average target price of $24.85.

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.