EverSource Wealth Advisors LLC Has $35,000 Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

EverSource Wealth Advisors LLC raised its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 316.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,787 shares of the company’s stock after acquiring an additional 1,358 shares during the period. EverSource Wealth Advisors LLC’s holdings in Albertsons Companies were worth $35,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. FMR LLC increased its holdings in Albertsons Companies by 88.1% in the third quarter. FMR LLC now owns 16,841,582 shares of the company’s stock valued at $311,232,000 after purchasing an additional 7,887,688 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Albertsons Companies by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company’s stock worth $167,229,000 after buying an additional 592,711 shares during the period. State Street Corp increased its stake in shares of Albertsons Companies by 1.7% in the 3rd quarter. State Street Corp now owns 8,615,413 shares of the company’s stock valued at $159,213,000 after acquiring an additional 141,933 shares during the last quarter. Parsifal Capital Management LP raised its position in shares of Albertsons Companies by 22.8% in the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock valued at $157,946,000 after acquiring an additional 1,585,899 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Albertsons Companies by 25.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock worth $114,033,000 after acquiring an additional 1,239,978 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Stock Performance

Shares of ACI opened at $21.27 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $22.05. The firm has a fifty day simple moving average of $20.62 and a 200 day simple moving average of $19.54. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 1.92 and a beta of 0.50.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.07. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The company had revenue of $18.77 billion during the quarter, compared to analysts’ expectations of $18.82 billion. During the same quarter last year, the company earned $0.79 EPS. Albertsons Companies’s revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, January 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.82%. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.12. Albertsons Companies’s dividend payout ratio is currently 33.71%.

Wall Street Analyst Weigh In

ACI has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 4th. Royal Bank of Canada raised their price objective on Albertsons Companies from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, March 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, March 11th. Bank of America assumed coverage on Albertsons Companies in a report on Friday, December 13th. They issued a “neutral” rating and a $22.00 price target for the company. Finally, Evercore ISI lifted their price objective on Albertsons Companies from $21.00 to $22.00 and gave the company an “in-line” rating in a report on Tuesday, March 11th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Albertsons Companies has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

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.