Albertsons Companies (NYSE:ACI) Upgraded at Telsey Advisory Group

Telsey Advisory Group upgraded shares of Albertsons Companies (NYSE:ACI) from a market perform rating to an outperform rating in a report issued on Tuesday, Marketbeat.com reports. The firm currently has $26.00 price target on the stock, up from their prior price target of $21.00.

Other research analysts also recently issued reports about the stock. Bank of America assumed coverage on shares of Albertsons Companies in a report on Friday, December 13th. They issued a “neutral” rating and a $22.00 price target for the company. BMO Capital Markets reduced their target price on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a research report on Wednesday, October 16th. Melius Research upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Monday, October 21st. Evercore ISI lifted 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. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Albertsons Companies presently has an average rating of “Moderate Buy” and a consensus target price of $22.75.

Albertsons Companies Trading Up 2.4 %

NYSE:ACI opened at $19.41 on Tuesday. Albertsons Companies has a 1 year low of $17.00 and a 1 year high of $23.47. The stock’s fifty day moving average price is $18.96 and its two-hundred day moving average price is $19.36. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22. The company has a market cap of $11.25 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.07 and a beta of 0.51.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The business had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, analysts expect that Albertsons Companies will post 2.13 EPS for the current year.

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Monday, October 28th. Albertsons Companies’s dividend payout ratio is currently 28.07%.

Institutional Investors Weigh In On Albertsons Companies

Institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its position in Albertsons Companies by 7.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 46,670 shares of the company’s stock valued at $922,000 after acquiring an additional 3,366 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Albertsons Companies by 2,948.4% during the second quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock valued at $62,000 after buying an additional 2,801 shares during the last quarter. &PARTNERS bought a new stake in Albertsons Companies in the 2nd quarter worth about $360,000. Calamos Advisors LLC lifted its stake in Albertsons Companies by 11.6% during the 2nd quarter. Calamos Advisors LLC now owns 1,678,613 shares of the company’s stock valued at $33,153,000 after acquiring an additional 174,349 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Albertsons Companies by 38.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,426,264 shares of the company’s stock valued at $67,669,000 after acquiring an additional 956,744 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

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.