Albertsons Companies, Inc. (NYSE:ACI) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC grew its stake in Albertsons Companies, Inc. (NYSE:ACI) by 17.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,944 shares of the company’s stock after buying an additional 22,603 shares during the period. Corient Private Wealth LLC’s holdings in Albertsons Companies were worth $2,945,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ACI. Eagle Bay Advisors LLC boosted its stake in Albertsons Companies by 108.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares during the period. Capital Advisors Ltd. LLC boosted its stake in Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock worth $27,000 after purchasing an additional 959 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock worth $35,000 after purchasing an additional 1,358 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Albertsons Companies by 91.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company’s stock worth $169,000 after purchasing an additional 4,101 shares during the period. Finally, R Squared Ltd acquired 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 analysts recently weighed in on the stock. Bank of America started coverage on shares of Albertsons Companies in a research note on Friday, December 13th. They set a “neutral” rating and a $22.00 price target for the company. Royal Bank of Canada upped their price objective on shares of Albertsons Companies from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, March 13th. Citigroup started coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They set a “buy” rating and a $26.00 price objective for the company. UBS Group cut their price objective on shares of Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Finally, Evercore ISI upped their price objective on shares of Albertsons Companies from $21.00 to $22.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 11th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Albertsons Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Albertsons Companies Stock Performance

Shares of ACI opened at $21.17 on Friday. The company has a market capitalization of $12.26 billion, a PE ratio of 11.89, a P/E/G ratio of 1.92 and a beta of 0.50. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $22.05. The company has a 50-day simple moving average of $20.65 and a 200-day simple moving average of $19.56. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The firm had revenue of $18.77 billion for the quarter, compared to analysts’ expectations of $18.82 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. Equities research analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.83%. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, January 24th. Albertsons Companies’s dividend payout ratio is presently 33.71%.

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.