Albertsons Companies, Inc. (NYSE:ACI) Receives Average Recommendation of "Hold" from Brokerages (2024)

Albertsons Companies, Inc. (NYSE:ACI - Get Free Report) has earned a consensus rating of "Hold" from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $24.85.

Several research analysts recently issued reports on ACI shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $27.25 target price on shares of Albertsons Companies in a research report on Thursday, January 4th. Evercore ISI lowered their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Tuesday. Roth Mkm boosted their price target on shares of Albertsons Companies from $23.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $24.00 price target on shares of Albertsons Companies in a research note on Tuesday, February 13th. Finally, Tigress Financial reissued a "buy" rating and issued a $27.00 price target on shares of Albertsons Companies in a research note on Friday, January 12th.

Check Out Our Latest Research Report on ACI

Albertsons Companies Price Performance

NYSE:ACI traded down $0.03 during midday trading on Tuesday, hitting $20.21. The company had a trading volume of 2,187,365 shares, compared to its average volume of 3,508,333. Albertsons Companies has a 52-week low of $19.88 and a 52-week high of $23.88. The stock's fifty day moving average price is $20.97 and its 200-day moving average price is $21.71. The company has a market capitalization of $11.64 billion, a PE ratio of 8.64, a P/E/G ratio of 0.96 and a beta of 0.50. The company has a quick ratio of 0.19, a current ratio of 0.85 and a debt-to-equity ratio of 3.09.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is 20.51%.

Hedge Funds Weigh In On Albertsons Companies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Albertsons Companies by 5.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 43,304 shares of the company's stock valued at $928,000 after acquiring an additional 2,144 shares during the last quarter. TrueMark Investments LLC bought a new position in shares of Albertsons Companies during the first quarter valued at about $1,147,000. Eagle Rock Investment Company LLC raised its stake in shares of Albertsons Companies by 31.8% during the first quarter. Eagle Rock Investment Company LLC now owns 58,148 shares of the company's stock valued at $1,247,000 after acquiring an additional 14,013 shares during the last quarter. Alaska Permanent Fund Corp raised its stake in shares of Albertsons Companies by 4.6% during the first quarter. Alaska Permanent Fund Corp now owns 117,787 shares of the company's stock valued at $2,525,000 after acquiring an additional 5,139 shares during the last quarter. Finally, Symmetry Partners LLC raised its stake in shares of Albertsons Companies by 11.9% during the first quarter. Symmetry Partners LLC now owns 10,835 shares of the company's stock valued at $232,000 after acquiring an additional 1,149 shares during the last quarter. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Company Profile

(Get Free Report

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.

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