NewEdge Advisors LLC Cuts Position in Albertsons Companies, Inc. (NYSE:ACI)

NewEdge Advisors LLC lowered its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 20.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,755 shares of the company’s stock after selling 700 shares during the quarter. NewEdge Advisors LLC’s holdings in Albertsons Companies were worth $54,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACI. Eagle Bay Advisors LLC lifted its position in Albertsons Companies by 108.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock valued at $26,000 after buying an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of Albertsons Companies by 225.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock valued at $27,000 after acquiring an additional 959 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock valued at $35,000 after acquiring an additional 1,358 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Albertsons Companies by 91.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company’s stock valued at $169,000 after acquiring an additional 4,101 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Albertsons Companies during the 4th quarter worth $179,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. 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 research note on Thursday, April 17th. Citigroup initiated coverage on Albertsons Companies in a report on Friday, January 24th. They issued a “buy” rating and a $26.00 price target for the company. Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Friday, April 11th. UBS Group reduced their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Albertsons Companies from $24.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.93.

Albertsons Companies Price Performance

Shares of ACI stock opened at $21.95 on Friday. The firm has a fifty day moving average of $21.45 and a two-hundred day moving average of $20.24. The firm has a market cap of $12.64 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The business had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $18.78 billion. During the same period last year, the firm earned $0.54 earnings per share. As a group, research analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, April 25th. Albertsons Companies’s dividend payout ratio is currently 36.59%.

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.