14,689 Shares in Albertsons Companies, Inc. (NYSE:ACI) Bought by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC acquired a new stake in Albertsons Companies, Inc. (NYSE:ACI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,689 shares of the company’s stock, valued at approximately $323,000.

A number of other large investors also recently bought and sold shares of ACI. EverSource Wealth Advisors LLC increased its holdings in Albertsons Companies by 316.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock valued at $35,000 after buying an additional 1,358 shares in the last quarter. WealthCollab LLC grew its holdings in shares of Albertsons Companies by 446.0% in the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock worth $35,000 after acquiring an additional 1,454 shares during the period. GAMMA Investing LLC increased its stake in Albertsons Companies by 340.1% in the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock valued at $42,000 after purchasing an additional 1,483 shares in the last quarter. Fifth Third Bancorp increased its stake in Albertsons Companies by 54.8% in the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company’s stock valued at $66,000 after purchasing an additional 1,061 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Albertsons Companies by 100.0% during the first quarter. Blue Trust Inc. now owns 3,370 shares of the company’s stock worth $74,000 after purchasing an additional 1,685 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Down 1.9%

Shares of NYSE ACI opened at $21.27 on Thursday. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 2.17 and a beta of 0.46. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.22 and a current ratio of 0.90. The stock’s 50-day simple moving average is $21.83 and its 200-day simple moving average is $20.96.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The firm had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a net margin of 1.19% and a return on equity of 41.03%. During the same period in the prior year, the firm posted $0.54 EPS. As a group, equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies’s payout ratio is currently 36.59%.

Insider Buying and Selling at Albertsons Companies

In other news, EVP Omer Gajial sold 47,303 shares of the business’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the completion of the transaction, the executive vice president now owns 162,569 shares of the company’s stock, valued at approximately $3,488,730.74. The trade was a 22.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Tigress Financial upped their target price on Albertsons Companies from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $23.00 price objective on shares of Albertsons Companies in a research note on Wednesday, April 16th. UBS Group cut their price objective on Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Telsey Advisory Group restated an “outperform” rating and issued a $26.00 target price on shares of Albertsons Companies in a report on Friday, April 11th. Finally, Evercore ISI reduced their price target on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Albertsons Companies presently has an average rating of “Moderate Buy” and a consensus price target of $24.36.

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.