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

Shares of Albertsons Companies, Inc. (NYSE:ACI) have earned an average rating of “Hold” from the sixteen ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $20.25.

A number of analysts have recently issued reports on the company. Weiss Ratings cut Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. reduced their target price on Albertsons Companies from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, June 30th. UBS Group decreased their price target on shares of Albertsons Companies from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Citigroup lowered their price target on shares of Albertsons Companies from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $21.00 price objective on shares of Albertsons Companies in a research note on Monday, April 6th.

Albertsons Companies Price Performance

Shares of ACI stock opened at $15.15 on Monday. The stock has a 50 day moving average of $15.12 and a two-hundred day moving average of $16.49. The company has a current ratio of 0.86, a quick ratio of 0.20 and a debt-to-equity ratio of 4.58. Albertsons Companies has a 12 month low of $13.16 and a 12 month high of $20.91. The company has a market capitalization of $7.42 billion, a P/E ratio of 47.33, a P/E/G ratio of 1.73 and a beta of 0.42.

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.68 dividend on an annualized basis and a yield of 4.5%. Albertsons Companies’s payout ratio is presently 212.50%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in Albertsons Companies by 103.5% during the fourth quarter. CWM LLC now owns 1,435 shares of the company’s stock valued at $25,000 after purchasing an additional 730 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Albertsons Companies by 185.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,628 shares of the company’s stock worth $28,000 after buying an additional 1,057 shares in the last quarter. NBC Securities Inc. raised its holdings in shares of Albertsons Companies by 91.2% in the 4th quarter. NBC Securities Inc. now owns 1,855 shares of the company’s stock worth $32,000 after buying an additional 885 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Albertsons Companies by 172.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,062 shares of the company’s stock worth $35,000 after buying an additional 1,306 shares during the period. Finally, Elevation Wealth Partners LLC bought a new position in shares of Albertsons Companies during the 4th quarter worth approximately $46,000. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Company Profile

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.