8,894 Shares in Albertsons Companies, Inc. (NYSE:ACI) Purchased by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC acquired a new position in Albertsons Companies, Inc. (NYSE:ACIFree Report) during the 3rd quarter, HoldingsChannel reports. The fund acquired 8,894 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds have also bought and sold shares of the stock. Neuberger Berman Group LLC boosted its position in Albertsons Companies by 5.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 9,453 shares of the company’s stock worth $235,000 after purchasing an additional 492 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Albertsons Companies by 0.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 107,919 shares of the company’s stock worth $2,455,000 after purchasing an additional 519 shares in the last quarter. Verus Capital Partners LLC boosted its position in Albertsons Companies by 3.7% in the 3rd quarter. Verus Capital Partners LLC now owns 14,998 shares of the company’s stock worth $341,000 after purchasing an additional 540 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Albertsons Companies by 1.6% in the 1st quarter. Ameriprise Financial Inc. now owns 37,850 shares of the company’s stock worth $787,000 after purchasing an additional 597 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its position in shares of Albertsons Companies by 3.7% during the 3rd quarter. Miracle Mile Advisors LLC now owns 16,645 shares of the company’s stock valued at $379,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 68.64% of the company’s stock.

Albertsons Companies Stock Down 0.7 %

Shares of ACI opened at $21.20 on Friday. Albertsons Companies, Inc. has a 52-week low of $19.14 and a 52-week high of $23.88. The company has a market capitalization of $12.21 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 0.96 and a beta of 0.52. The stock has a fifty day simple moving average of $22.24 and a two-hundred day simple moving average of $22.20. 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 (NYSE:ACIGet Free Report) last issued its earnings results on Tuesday, January 9th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. Albertsons Companies had a return on equity of 83.38% and a net margin of 1.71%. The business had revenue of $18.56 billion during the quarter, compared to the consensus estimate of $18.36 billion. During the same period last year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts forecast that Albertsons Companies, Inc. will post 2.75 EPS for the current year.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 26th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, January 25th. Albertsons Companies’s payout ratio is 20.51%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $24.00 target price (down previously from $35.00) on shares of Albertsons Companies in a research report on Tuesday, January 9th. Tigress Financial reissued a “buy” rating and issued a $27.00 price objective on shares of Albertsons Companies in a research note on Friday, January 12th. Roth Mkm increased their price objective on Albertsons Companies from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a research note on Thursday, January 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.56.

Read Our Latest Research Report on ACI

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.

See Also

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. (NYSE:ACIFree Report).

Institutional Ownership by Quarter for Albertsons Companies (NYSE:ACI)

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