Albertsons Companies, Inc. (NYSE:ACI) Shares Bought by Elgethun Capital Management

Elgethun Capital Management lifted its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,667 shares of the company’s stock after purchasing an additional 1,966 shares during the period. Elgethun Capital Management’s holdings in Albertsons Companies were worth $3,489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACI. Eagle Bay Advisors LLC grew its holdings 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 worth $26,000 after acquiring an additional 700 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Albertsons Companies by 225.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock worth $27,000 after buying an additional 959 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Albertsons Companies by 316.6% in 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 in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Albertsons Companies by 91.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company’s stock valued at $169,000 after acquiring an additional 4,101 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Albertsons Companies during the 4th quarter worth approximately $179,000. 71.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ACI shares. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 price target on shares of Albertsons Companies in a report on Thursday. Telsey Advisory Group reiterated an “outperform” rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, March 11th. Citigroup initiated coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They issued a “buy” rating and a $26.00 target price for the company. Evercore ISI upped their price target on shares of Albertsons Companies from $21.00 to $22.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 11th. Finally, UBS Group reduced their price objective on Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Albertsons Companies Stock Performance

NYSE ACI opened at $21.95 on Monday. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20. 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 market cap of $12.71 billion, a P/E ratio of 12.33, a PEG ratio of 1.92 and a beta of 0.47. The company’s 50-day simple moving average is $20.99 and its 200 day simple moving average is $19.78.

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

Albertsons Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.73%. 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 currently 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.