23,064 Shares in Albertsons Companies, Inc. (NYSE:ACI) Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC acquired a new stake in Albertsons Companies, Inc. (NYSE:ACI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,064 shares of the company’s stock, valued at approximately $453,000.

A number of other large investors have also modified their holdings of ACI. Eagle Bay Advisors LLC increased its stake in shares of Albertsons Companies by 108.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares in the last quarter. Signaturefd LLC grew its holdings in Albertsons Companies by 76.8% in the third quarter. Signaturefd LLC now owns 4,181 shares of the company’s stock valued at $77,000 after purchasing an additional 1,816 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Albertsons Companies in the third quarter valued at approximately $185,000. DGS Capital Management LLC acquired a new position in shares of Albertsons Companies during the 3rd quarter worth approximately $199,000. Finally, Retirement Planning Group LLC purchased a new position in shares of Albertsons Companies during the 3rd quarter valued at approximately $223,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Stock Up 0.4 %

NYSE ACI opened at $19.86 on Friday. The business’s fifty day simple moving average is $19.55 and its 200-day simple moving average is $19.33. 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 firm has a market cap of $11.50 billion, a PE ratio of 11.15, a P/E/G ratio of 1.83 and a beta of 0.51. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $21.92.

Albertsons Companies (NYSE:ACI) last issued 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 company 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%. Albertsons Companies’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 earnings per share. As a group, equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.02%. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, January 24th. Albertsons Companies’s dividend payout ratio is presently 26.97%.

Analyst Ratings Changes

Several equities research analysts recently commented on ACI shares. Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 price target on shares of Albertsons Companies in a report on Thursday, January 9th. Tigress Financial restated a “buy” rating and set a $27.00 price target on shares of Albertsons Companies in a research report on Monday, October 21st. Citigroup initiated coverage on Albertsons Companies in a report on Friday. They issued a “buy” rating and a $26.00 price objective on the stock. Wells Fargo & Company reiterated a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Finally, BMO Capital Markets decreased their target price on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 16th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.00.

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.