Yousif Capital Management LLC Has $311,000 Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Yousif Capital Management LLC increased its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 39.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,820 shares of the company’s stock after purchasing an additional 4,449 shares during the period. Yousif Capital Management LLC’s holdings in Albertsons Companies were worth $311,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in Albertsons Companies by 4.4% during the 3rd quarter. Private Advisor Group LLC now owns 13,010 shares of the company’s stock worth $240,000 after purchasing an additional 544 shares during the last quarter. Eagle Bay Advisors LLC boosted its stake in Albertsons Companies by 108.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock valued at $26,000 after buying an additional 700 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Albertsons Companies by 4.9% in the 3rd quarter. CIBC Asset Management Inc now owns 19,324 shares of the company’s stock valued at $357,000 after purchasing an additional 895 shares in the last quarter. Synovus Financial Corp grew its stake in shares of Albertsons Companies by 10.0% during the third quarter. Synovus Financial Corp now owns 13,192 shares of the company’s stock worth $244,000 after buying an additional 1,197 shares during the last quarter. Finally, Private Wealth Partners LLC grew its position in Albertsons Companies by 2.4% during the 3rd quarter. Private Wealth Partners LLC now owns 69,271 shares of the company’s stock worth $1,280,000 after acquiring an additional 1,600 shares during the last quarter. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Stock Down 2.5 %

Shares of NYSE ACI opened at $20.81 on Tuesday. The firm has a fifty day simple moving average of $19.94 and a two-hundred day simple moving average of $19.40. The firm has a market capitalization of $12.06 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.93 and a beta of 0.51. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $21.75.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The business had revenue of $18.77 billion during the quarter, compared to the consensus estimate of $18.82 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share. Equities analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, January 24th. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 2.88%. Albertsons Companies’s payout ratio is currently 33.71%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ACI shares. Tigress Financial restated a “buy” rating and issued a $27.00 price objective on shares of Albertsons Companies in a report on Monday, October 21st. Bank of America began coverage on Albertsons Companies in a research report on Friday, December 13th. They set a “neutral” rating and a $22.00 target price on the stock. Melius upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, October 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $26.00 target price on shares of Albertsons Companies in a report on Thursday, January 9th. Finally, Evercore ISI increased their price target on Albertsons Companies from $18.00 to $19.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.21.

About Albertsons Companies

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.