Private Wealth Partners LLC Has $2.36 Million Position in Albertsons Companies, Inc. (NYSE:ACI)

Private Wealth Partners LLC increased its stake in Albertsons Companies, Inc. (NYSE:ACI) by 73.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,371 shares of the company’s stock after purchasing an additional 51,100 shares during the period. Private Wealth Partners LLC’s holdings in Albertsons Companies were worth $2,364,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ACI. Truist Financial Corp bought a new stake in shares of Albertsons Companies during the fourth quarter worth $2,288,000. Rhumbline Advisers increased its position in Albertsons Companies by 0.5% in the fourth quarter. Rhumbline Advisers now owns 464,963 shares of the company’s stock worth $9,132,000 after purchasing an additional 2,186 shares during the period. Roman Butler Fullerton & Co. bought a new stake in Albertsons Companies during the 4th quarter worth about $243,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Albertsons Companies by 6.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 714,276 shares of the company’s stock valued at $14,028,000 after purchasing an additional 43,554 shares during the period. Finally, Private Management Group Inc. boosted its stake in shares of Albertsons Companies by 2.0% in the 4th quarter. Private Management Group Inc. now owns 2,196,484 shares of the company’s stock valued at $43,138,000 after purchasing an additional 43,532 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ACI shares. 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 price target for the company. Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 price target on shares of Albertsons Companies in a research note on Thursday, January 9th. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of Albertsons Companies in a research report on Tuesday, January 7th. Citigroup started coverage on Albertsons Companies in a report on Friday, January 24th. They issued a “buy” rating and a $26.00 price objective for the company. Finally, UBS Group reduced their target price on Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Albertsons Companies has an average rating of “Moderate Buy” and an average target price of $23.21.

Albertsons Companies Trading Down 0.5 %

NYSE:ACI opened at $20.53 on Thursday. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The business’s 50-day simple moving average is $20.03 and its 200-day simple moving average is $19.41. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $21.75. The stock has a market capitalization of $11.90 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.95 and a beta of 0.51.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. The firm 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 quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $0.79 EPS. 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 announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a $0.15 dividend. The ex-dividend date was Friday, January 24th. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 2.92%. 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.