22,055 Shares in Albertsons Companies, Inc. (NYSE:ACI) Acquired by ORBA Wealth Advisors L.L.C.

ORBA Wealth Advisors L.L.C. purchased a new position in Albertsons Companies, Inc. (NYSE:ACI) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 22,055 shares of the company’s stock, valued at approximately $433,000.

Several other large investors also recently bought and sold shares of ACI. FMR LLC increased its position in shares of Albertsons Companies by 88.1% during the third quarter. FMR LLC now owns 16,841,582 shares of the company’s stock worth $311,232,000 after acquiring an additional 7,887,688 shares during the last quarter. Parsifal Capital Management LP increased its holdings in Albertsons Companies by 22.8% during the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock worth $157,946,000 after purchasing an additional 1,585,899 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Albertsons Companies by 25.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock valued at $114,033,000 after purchasing an additional 1,239,978 shares in the last quarter. Trium Capital LLP purchased a new position in shares of Albertsons Companies during the 4th quarter valued at approximately $23,678,000. Finally, Anson Funds Management LP grew its position in shares of Albertsons Companies by 973.0% during the third quarter. Anson Funds Management LP now owns 1,190,165 shares of the company’s stock worth $21,994,000 after buying an additional 1,079,246 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Wall Street Analysts Forecast Growth

ACI has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $26.00 price target on shares of Albertsons Companies in a report on Tuesday, February 4th. Telsey Advisory Group restated an “outperform” rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Thursday, January 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price target on shares of Albertsons Companies in a research note on Tuesday, January 7th. Citigroup assumed coverage on Albertsons Companies in a research note on Friday, January 24th. They set a “buy” rating and a $26.00 price objective on the stock. Finally, Evercore ISI lifted their target price on Albertsons Companies from $18.00 to $19.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating and nine have assigned 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 $23.21.

Albertsons Companies Stock Up 1.2 %

Albertsons Companies stock opened at $20.67 on Wednesday. The firm has a market capitalization of $11.97 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.92 and a beta of 0.51. The company has a 50-day simple moving average of $20.12 and a 200-day simple moving average of $19.44. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $21.75. 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 announced its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.64 by $0.07. The company had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. Albertsons Companies’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 earnings per share. As a group, equities analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Friday, January 24th. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.12. Albertsons Companies’s payout ratio is 33.71%.

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.