Private Wealth Partners LLC Buys 12,252 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Private Wealth Partners LLC lifted its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 24.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 62,071 shares of the company’s stock after acquiring an additional 12,252 shares during the quarter. Private Wealth Partners LLC’s holdings in Albertsons Companies were worth $1,428,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of Albertsons Companies during the 3rd quarter worth $28,000. Blue Trust Inc. lifted its stake in Albertsons Companies by 255.1% in the fourth quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock worth $34,000 after purchasing an additional 1,051 shares during the last quarter. Van ECK Associates Corp bought a new stake in Albertsons Companies in the third quarter worth $52,000. CI Investments Inc. lifted its stake in Albertsons Companies by 21.8% in the third quarter. CI Investments Inc. now owns 4,373 shares of the company’s stock worth $99,000 after purchasing an additional 783 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in Albertsons Companies by 33.0% in the third quarter. National Bank of Canada FI now owns 5,494 shares of the company’s stock worth $124,000 after purchasing an additional 1,362 shares during the last quarter. 71.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Evercore ISI lowered their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a research note on Tuesday, April 23rd. Tigress Financial reissued a “buy” rating and issued a $27.00 price target on shares of Albertsons Companies in a research note on Friday, January 12th. Roth Mkm raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, April 23rd. Finally, Royal Bank of Canada decreased their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.45.

Albertsons Companies Trading Up 1.1 %

Shares of ACI stock traded up $0.22 during mid-day trading on Friday, reaching $20.13. The stock had a trading volume of 1,553,317 shares, compared to its average volume of 2,806,423. The stock’s 50-day moving average price is $20.80 and its two-hundred day moving average price is $21.58. Albertsons Companies, Inc. has a 52-week low of $19.84 and a 52-week high of $23.88. The firm has a market capitalization of $11.62 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 1.02 and a beta of 0.50. The company has a current ratio of 0.84, a quick ratio of 0.19 and a debt-to-equity ratio of 2.83.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, April 25th. Albertsons Companies’s payout ratio is 21.52%.

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.