Albertsons Companies (NYSE:ACI) Earns Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Albertsons Companies (NYSE:ACI) in a report issued on Wednesday, Benzinga reports. Telsey Advisory Group currently has a $27.25 target price on the stock.

A number of other research analysts have also recently commented on ACI. Roth Mkm boosted their target price on shares of Albertsons Companies from $23.00 to $24.00 and gave the stock a neutral rating in a research report on Wednesday, January 10th. Evercore ISI reduced their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an in-line rating on the stock in a research report on Tuesday. Royal Bank of Canada reissued an outperform rating and set a $24.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 13th. Finally, Tigress Financial reissued a buy rating and set a $27.00 target price on shares of Albertsons Companies in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $24.85.

Albertsons Companies Trading Down 0.6 %

NYSE ACI opened at $20.35 on Wednesday. Albertsons Companies has a one year low of $19.88 and a one year high of $23.88. The company’s 50 day moving average price is $20.92 and its 200 day moving average price is $21.67. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.19 and a current ratio of 0.85. The firm has a market capitalization of $11.72 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.96 and a beta of 0.50.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.36%. Albertsons Companies’s dividend payout ratio (DPR) is presently 20.51%.

Institutional Trading of Albertsons Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC increased its stake in shares of Albertsons Companies by 5.5% in the third quarter. Neuberger Berman Group LLC now owns 9,453 shares of the company’s stock worth $235,000 after buying an additional 492 shares during the last quarter. Peddock Capital Advisors LLC increased its stake in shares of Albertsons Companies by 2.2% in the fourth quarter. Peddock Capital Advisors LLC now owns 23,401 shares of the company’s stock worth $538,000 after buying an additional 500 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Albertsons Companies by 0.5% in the third quarter. Asset Management One Co. Ltd. now owns 107,919 shares of the company’s stock worth $2,455,000 after buying an additional 519 shares during the last quarter. Verus Capital Partners LLC increased its stake in shares of Albertsons Companies by 3.7% in the third quarter. Verus Capital Partners LLC now owns 14,998 shares of the company’s stock worth $341,000 after buying an additional 540 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Albertsons Companies by 1.9% in the third quarter. Sei Investments Co. now owns 31,692 shares of the company’s stock worth $721,000 after buying an additional 578 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

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.