Impact Partnership Wealth LLC Makes New $453,000 Investment in Albertsons Companies, Inc. (NYSE:ACI)

Impact Partnership Wealth LLC purchased a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI) in the fourth quarter, HoldingsChannel reports. The firm purchased 23,064 shares of the company’s stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC boosted its position in shares of Albertsons Companies by 88.1% during the 3rd quarter. FMR LLC now owns 16,841,582 shares of the company’s stock worth $311,232,000 after purchasing an additional 7,887,688 shares during the period. Geode Capital Management LLC boosted its position in shares of Albertsons Companies by 7.0% during the third quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company’s stock worth $167,229,000 after buying an additional 592,711 shares during the period. State Street Corp grew its stake in shares of Albertsons Companies by 1.7% in the third quarter. State Street Corp now owns 8,615,413 shares of the company’s stock valued at $159,213,000 after buying an additional 141,933 shares in the last quarter. Parsifal Capital Management LP raised its holdings in shares of Albertsons Companies by 22.8% in the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock valued at $157,946,000 after buying an additional 1,585,899 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Albertsons Companies by 25.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock worth $114,033,000 after acquiring an additional 1,239,978 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Price Performance

ACI stock opened at $19.86 on Friday. The business has a 50 day moving average price of $19.55 and a 200 day moving average price of $19.33. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The stock has a market cap of $11.50 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 1.83 and a beta of 0.51. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $21.92.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.07. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The business had revenue of $18.77 billion during the quarter, compared to the consensus estimate of $18.82 billion. During the same quarter in the previous year, the firm earned $0.79 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, January 24th. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.12. Albertsons Companies’s dividend payout ratio is currently 26.97%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ACI shares. Morgan Stanley dropped their target price on Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. 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. Wells Fargo & Company reiterated a “market perform” rating on shares of Albertsons Companies in a report on Friday, October 18th. Melius upgraded shares of 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price objective on shares of Albertsons Companies in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Albertsons Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

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.