Albertsons Companies, Inc. (NYSE:ACI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Albertsons Companies, Inc. (NYSE:ACIGet Rating) have received an average recommendation of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $29.48.

Several research firms have issued reports on ACI. BMO Capital Markets upgraded Albertsons Companies from an “underperform” rating to a “market perform” rating and dropped their price objective for the stock from $24.00 to $21.00 in a research note on Friday, October 21st. Deutsche Bank Aktiengesellschaft cut Albertsons Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $37.00 to $27.00 in a report on Thursday, October 20th. TheStreet lowered Albertsons Companies from a “b-” rating to a “c+” rating in a research report on Monday, November 14th. Citigroup dropped their target price on Albertsons Companies from $36.00 to $30.00 in a research report on Thursday, July 28th. Finally, Guggenheim lowered Albertsons Companies from a “buy” rating to a “neutral” rating in a research report on Monday, October 17th.

Albertsons Companies Price Performance

ACI opened at $20.44 on Friday. The company’s 50 day simple moving average is $23.31 and its 200 day simple moving average is $26.55. Albertsons Companies has a 1 year low of $20.05 and a 1 year high of $37.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.12. The stock has a market capitalization of $10.94 billion, a PE ratio of 6.91, a P/E/G ratio of 1.33 and a beta of 0.57.

Albertsons Companies (NYSE:ACIGet Rating) last issued its quarterly earnings results on Tuesday, October 18th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.70 billion. Albertsons Companies had a net margin of 2.27% and a return on equity of 53.49%. Albertsons Companies’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 EPS. As a group, sell-side analysts expect that Albertsons Companies will post 2.86 EPS for the current year.

Albertsons Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, October 31st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.35%. Albertsons Companies’s payout ratio is 16.22%.

Insider Activity

In other news, insider Realty Corp Kimco sold 11,500,000 shares of the business’s stock in a transaction on Friday, October 14th. The stock was sold at an average price of $26.18, for a total transaction of $301,070,000.00. Following the completion of the transaction, the insider now owns 28,338,105 shares of the company’s stock, valued at approximately $741,891,588.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Albertsons Companies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can bought a new position in shares of Albertsons Companies in the third quarter worth $28,000. Ronald Blue Trust Inc. lifted its stake in Albertsons Companies by 349.8% during the third quarter. Ronald Blue Trust Inc. now owns 1,309 shares of the company’s stock worth $35,000 after purchasing an additional 1,018 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Albertsons Companies during the third quarter worth about $36,000. IFP Advisors Inc lifted its stake in Albertsons Companies by 599.0% during the third quarter. IFP Advisors Inc now owns 1,426 shares of the company’s stock worth $54,000 after purchasing an additional 1,222 shares during the last quarter. Finally, Rosenberg Matthew Hamilton increased its holdings in shares of Albertsons Companies by 265.4% in the second quarter. Rosenberg Matthew Hamilton now owns 1,933 shares of the company’s stock worth $53,000 after buying an additional 1,404 shares during the period. Institutional investors and hedge funds own 63.92% of the company’s stock.

About Albertsons Companies

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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.

Further Reading

Analyst Recommendations for Albertsons Companies (NYSE:ACI)

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