First Horizon Advisors Inc. Trims Stake in Albertsons Companies, Inc. (NYSE:ACI)

First Horizon Advisors Inc. lowered its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 45.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,144 shares of the company’s stock after selling 2,586 shares during the quarter. First Horizon Advisors Inc.’s holdings in Albertsons Companies were worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Private Advisor Group LLC increased its position in shares of Albertsons Companies by 17.3% during the fourth quarter. Private Advisor Group LLC now owns 15,258 shares of the company’s stock valued at $300,000 after buying an additional 2,248 shares during the period. Private Wealth Partners LLC increased its position in shares of Albertsons Companies by 73.8% during the fourth quarter. Private Wealth Partners LLC now owns 120,371 shares of the company’s stock valued at $2,364,000 after buying an additional 51,100 shares during the period. Truist Financial Corp purchased a new position in shares of Albertsons Companies during the fourth quarter valued at about $2,288,000. Rhumbline Advisers increased its position in shares of Albertsons Companies by 0.5% during the fourth quarter. Rhumbline Advisers now owns 464,963 shares of the company’s stock valued at $9,132,000 after buying an additional 2,186 shares during the period. Finally, Roman Butler Fullerton & Co. purchased a new position in shares of Albertsons Companies during the fourth quarter valued at about $243,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Trading Up 0.7 %

Shares of NYSE ACI opened at $20.83 on Friday. The firm’s 50 day moving average price is $20.18 and its 200-day moving average price is $19.46. The company has a market cap of $12.07 billion, a PE ratio of 11.70, a P/E/G ratio of 1.92 and a beta of 0.51. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $21.67. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.07. The firm had revenue of $18.77 billion for 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 was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. On average, equities research analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a $0.15 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.60 annualized dividend and a yield of 2.88%. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.12. Albertsons Companies’s dividend payout ratio (DPR) is currently 33.71%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup started coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They set a “buy” rating and a $26.00 price target on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $26.00 price objective on shares of Albertsons Companies in a report on Thursday, January 9th. Evercore ISI upped their price objective on shares of Albertsons Companies from $18.00 to $19.00 and gave the stock an “in-line” rating in a report on Tuesday, December 3rd. Bank of America started coverage on shares of Albertsons Companies in a report on Friday, December 13th. They issued a “neutral” rating and a $22.00 price objective on the stock. Finally, UBS Group cut their price objective on shares of Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Albertsons Companies has an average rating of “Moderate Buy” and a consensus price target of $23.21.

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.