Federated Hermes Inc. Has $13.13 Million Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Federated Hermes Inc. lifted its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 18.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 570,853 shares of the company’s stock after buying an additional 87,017 shares during the period. Federated Hermes Inc.’s holdings in Albertsons Companies were worth $13,130,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ACI. NBC Securities Inc. acquired a new stake in shares of Albertsons Companies during the 3rd quarter worth $28,000. Blue Trust Inc. boosted 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 valued at $34,000 after buying an additional 1,051 shares in the last quarter. Van ECK Associates Corp acquired a new stake in Albertsons Companies in the third quarter valued at about $52,000. CI Investments Inc. boosted 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 valued at $99,000 after buying an additional 783 shares in the last quarter. Finally, National Bank of Canada FI boosted 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 valued at $124,000 after buying an additional 1,362 shares in the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Price Performance

Shares of ACI opened at $20.24 on Tuesday. Albertsons Companies, Inc. has a 52-week low of $19.88 and a 52-week high of $23.88. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.19 and a current ratio of 0.85. The business’s 50 day moving average price is $20.90 and its two-hundred day moving average price is $21.64. The firm has a market cap of $11.66 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.96 and a beta of 0.50.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, April 25th. Albertsons Companies’s dividend payout ratio (DPR) is presently 20.51%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Roth Mkm raised their price objective on Albertsons Companies from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a research report on Wednesday, April 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 13th. Evercore ISI dropped their target price on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Finally, Tigress Financial reiterated a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.85.

Albertsons Companies 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.