Raymond James Financial Services Advisors Inc. cut its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 83.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,728 shares of the company's stock after selling 44,159 shares during the period. Raymond James Financial Services Advisors Inc.'s holdings in Albertsons Companies were worth $201,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Raymond James & Associates increased its stake in Albertsons Companies by 5.3% during the 4th quarter. Raymond James & Associates now owns 48,829 shares of the company's stock valued at $1,123,000 after buying an additional 2,452 shares during the period. FNY Investment Advisers LLC lifted its position in shares of Albertsons Companies by 245.5% in the fourth quarter. FNY Investment Advisers LLC now owns 38,000 shares of the company's stock worth $874,000 after buying an additional 27,000 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Albertsons Companies by 1,569.5% during the 4th quarter. SG Americas Securities LLC now owns 267,443 shares of the company's stock worth $6,151,000 after buying an additional 251,424 shares during the period. Eagle Rock Investment Company LLC bought a new position in shares of Albertsons Companies in the fourth quarter worth about $1,015,000. Finally, Nordea Investment Management AB boosted its position in shares of Albertsons Companies by 8.4% in the fourth quarter. Nordea Investment Management AB now owns 13,454 shares of the company's stock valued at $308,000 after acquiring an additional 1,041 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.
Albertsons Companies Stock Performance
Shares of NYSE ACI opened at $20.06 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.19 and a debt-to-equity ratio of 2.83. The stock has a market cap of $11.55 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 0.95 and a beta of 0.50. The stock's 50-day moving average is $20.88 and its 200 day moving average is $21.62. Albertsons Companies, Inc. has a 1-year low of $19.84 and a 1-year high of $23.88.
Albertsons Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Thursday, April 25th. Albertsons Companies's payout ratio is 21.52%.
Analysts Set New Price Targets
ACI has been the topic of a number of research reports. Tigress Financial reiterated a "buy" rating and set a $27.00 target price on shares of Albertsons Companies in a research report on Friday, January 12th. Evercore ISI cut their price target on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Tuesday, April 16th. Telsey Advisory Group reiterated a "market perform" rating and set a $27.25 price objective on shares of Albertsons Companies in a research note on Tuesday. Roth Capital raised Albertsons Companies from a "neutral" rating to a "buy" rating in a research note on Tuesday. Finally, Royal Bank of Canada cut their target price on Albertsons Companies from $23.00 to $22.00 and set an "outperform" rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.45.
Check Out Our Latest Analysis on ACI
About Albertsons Companies
(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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