Albertsons Companies, Inc. (NYSE:ACI) Shares Bought by Xponance Inc.

Xponance Inc. grew its position in Albertsons Companies, Inc. (NYSE:ACI) by 39.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,144 shares of the company’s stock after acquiring an additional 13,328 shares during the quarter. Xponance Inc.’s holdings in Albertsons Companies were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Eagle Bay Advisors LLC raised its holdings in shares of Albertsons Companies by 108.4% during the fourth 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 grew its position in shares of Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock valued at $27,000 after buying an additional 959 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Albertsons Companies by 316.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock worth $35,000 after acquiring an additional 1,358 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Albertsons Companies by 91.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company’s stock worth $169,000 after acquiring an additional 4,101 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Albertsons Companies in the fourth quarter valued at approximately $179,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ACI. Evercore ISI raised their price target on Albertsons Companies from $21.00 to $22.00 and gave the stock an “in-line” rating in a report on Tuesday, March 11th. Royal Bank of Canada boosted their price target on shares of Albertsons Companies from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, March 13th. UBS Group lowered their price target 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. Bank of America assumed coverage on shares of Albertsons Companies in a research note on Friday, December 13th. They set a “neutral” rating and a $22.00 target price for the company. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $26.00 price target on shares of Albertsons Companies in a research note on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Albertsons Companies has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Albertsons Companies Trading Down 1.7 %

Shares of ACI stock opened at $20.79 on Tuesday. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The stock has a 50-day simple moving average of $20.65 and a 200 day simple moving average of $19.57. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $22.05. The stock has a market capitalization of $12.04 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.92 and a beta of 0.50.

Albertsons Companies (NYSE:ACI) last released its earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. The business had revenue of $18.77 billion for the quarter, compared to the consensus estimate of $18.82 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. On average, sell-side analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, January 24th. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 2.89%. Albertsons Companies’s dividend payout ratio (DPR) is currently 33.71%.

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.