Mesirow Financial Investment Management Inc. purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 11,700 shares of the company’s stock, valued at approximately $231,000.
Other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC bought a new position in Albertsons Companies during the fourth quarter valued at approximately $264,000. Principal Securities Inc. bought a new stake in Albertsons Companies in the fourth quarter worth $62,000. Dimensional Fund Advisors LP increased its position in Albertsons Companies by 40.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,404,574 shares of the company’s stock worth $55,305,000 after buying an additional 692,188 shares during the last quarter. Panagora Asset Management Inc. bought a new position in Albertsons Companies during the fourth quarter valued at about $2,202,000. Finally, Norges Bank acquired a new stake in shares of Albertsons Companies in the fourth quarter worth about $312,510,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.
Albertsons Companies Trading Down 1.6 %
Shares of NYSE:ACI opened at $18.55 on Wednesday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.21 and a current ratio of 0.88. The stock’s 50-day moving average is $19.76 and its 200-day moving average is $20.22. The company has a market cap of $10.74 billion, a P/E ratio of 8.32, a P/E/G ratio of 1.02 and a beta of 0.49. Albertsons Companies, Inc. has a 52-week low of $17.80 and a 52-week high of $23.62.
Albertsons Companies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Friday, July 26th. Albertsons Companies’s dividend payout ratio (DPR) is currently 21.52%.
Analysts Set New Price Targets
Separately, Telsey Advisory Group reissued a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a report on Thursday, July 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.45.
View Our Latest Research Report on ACI
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.
Featured Articles
- Five stocks we like better than Albertsons Companies
- What is the Shanghai Stock Exchange Composite Index?
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- 3 Tickers Leading a Meme Stock Revival
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- 3 Warren Buffett Stocks to Buy Now
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Receive News & Ratings for Albertsons Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albertsons Companies and related companies with MarketBeat.com's FREE daily email newsletter.