Tucker Asset Management LLC Invests $269,000 in Albertsons Companies, Inc. (NYSE:ACI)

Tucker Asset Management LLC bought a new position in shares of Albertsons Companies, Inc. (NYSE:ACI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 13,709 shares of the company’s stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Albertsons Companies during the fourth quarter valued at $298,302,000. FMR LLC grew its position in Albertsons Companies by 88.1% during the third quarter. FMR LLC now owns 16,841,582 shares of the company’s stock valued at $311,232,000 after purchasing an additional 7,887,688 shares in the last quarter. Vanguard Group Inc. increased its stake in Albertsons Companies by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company’s stock valued at $713,131,000 after buying an additional 2,347,875 shares during the period. Parsifal Capital Management LP boosted its stake in shares of Albertsons Companies by 22.8% during the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock valued at $157,946,000 after buying an additional 1,585,899 shares during the period. Finally, Trium Capital LLP purchased a new position in shares of Albertsons Companies during the 4th quarter valued at $23,678,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Stock Performance

Shares of ACI stock opened at $21.61 on Friday. The stock has a market cap of $12.52 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50. The stock has a 50-day moving average of $20.72 and a 200-day moving average of $19.63. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $22.05.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.07. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The company had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. During the same period last year, the business posted $0.79 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side 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. Stockholders of record on Friday, January 24th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.78%. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.12. Albertsons Companies’s dividend payout ratio (DPR) is currently 33.71%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Evercore ISI lifted their target price on shares of Albertsons Companies from $21.00 to $22.00 and gave the company an “in-line” rating in a research note on Tuesday, March 11th. Citigroup began coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They set a “buy” rating and a $26.00 target price on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $26.00 price target on shares of Albertsons Companies in a research report on Tuesday, February 4th. Royal Bank of Canada increased their price objective on Albertsons Companies from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, March 13th. Finally, Morgan Stanley reduced their target price on Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

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.