Raymond James Financial Services Advisors Inc. boosted its position in Albertsons Companies, Inc. (NYSE:ACI – Get Rating) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,913 shares of the company's stock after purchasing an additional 1,166 shares during the period. Raymond James Financial Services Advisors Inc.'s holdings in Albertsons Companies were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in ACI. JPMorgan Chase & Co. lifted its position in Albertsons Companies by 195.6% in the first quarter. JPMorgan Chase & Co. now owns 244,265 shares of the company's stock valued at $8,122,000 after purchasing an additional 161,634 shares during the period. Raymond James & Associates lifted its position in Albertsons Companies by 4.4% in the first quarter. Raymond James & Associates now owns 33,937 shares of the company's stock valued at $1,128,000 after purchasing an additional 1,435 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Albertsons Companies by 6.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,023,813 shares of the company's stock valued at $34,043,000 after acquiring an additional 63,822 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Albertsons Companies by 18.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,808 shares of the company's stock valued at $293,000 after acquiring an additional 1,360 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of Albertsons Companies during the 1st quarter valued at approximately $207,000. Institutional investors and hedge funds own 65.58% of the company's stock.
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Albertsons Companies Trading Up 0.9 %
Shares of ACI opened at $21.19 on Friday. The stock has a fifty day moving average of $20.96 and a two-hundred day moving average of $24.03. The company has a debt-to-equity ratio of 8.66, a quick ratio of 0.42 and a current ratio of 0.80. The company has a market capitalization of $11.35 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 1.29 and a beta of 0.55. Albertsons Companies, Inc. has a fifty-two week low of $20.05 and a fifty-two week high of $37.99.
Albertsons Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 10th. Stockholders of record on Thursday, January 26th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, January 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.27%. Albertsons Companies's payout ratio is 19.83%.
Insider Transactions at Albertsons Companies
In other news, EVP Omer Gajial sold 36,000 shares of the company's stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $21.05, for a total transaction of $757,800.00. Following the completion of the sale, the executive vice president now directly owns 25,140 shares in the company, valued at approximately $529,197. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Omer Gajial sold 36,000 shares of the company's stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $21.05, for a total transaction of $757,800.00. Following the completion of the sale, the executive vice president now directly owns 25,140 shares in the company, valued at approximately $529,197. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Robert Bruce Larson sold 30,000 shares of the company's stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $21.01, for a total value of $630,300.00. Following the sale, the chief accounting officer now owns 50,241 shares of the company's stock, valued at $1,055,563.41. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Telsey Advisory Group downgraded shares of Albertsons Companies from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $37.00 to $27.25 in a research report on Wednesday, October 19th. TheStreet downgraded shares of Albertsons Companies from a "b-" rating to a "c+" rating in a research report on Monday, November 14th. Wells Fargo & Company reduced their price target on shares of Albertsons Companies from $30.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 4th. Sanford C. Bernstein assumed coverage on shares of Albertsons Companies in a research report on Tuesday, December 6th. They set an "outperform" rating and a $26.00 price target for the company. Finally, BMO Capital Markets upgraded shares of Albertsons Companies from an "underperform" rating to a "market perform" rating and reduced their price target for the company from $24.00 to $21.00 in a research report on Friday, October 21st. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $28.77.
Albertsons Companies Profile
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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.
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