1 day Ago By ABMN Staff
Albertsons Companies, Inc. ( NYSE:ACI – Get Free Report ) saw unusually large options trading activity on Wednesday. Traders acquired 14,743 call options on the stock.
This represents an increase of 69% compared to the average volume of 8,743 call options. Analyst Ratings Changes Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a research note on Thursday, July 18th.
Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Albertsons Companies currently has a consensus rating of “Moderate Buy” and an average price target of $24.
45. Read Our Latest Stock Report on ACI Albertsons Companies Stock Performance Albertsons Companies ( NYSE:ACI – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.
66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01).
Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%.
The business had revenue of $24.27 billion during the quarter, compared to analysts’ expectations of $24.16 billion.
During the same period in the previous year, the business earned $0.89 EPS. The business’s revenue was up .
9% compared to the same quarter last year. Equities research analysts predict that Albertsons Companies will post 2.26 earnings per share for the current year.
Albertsons Companies Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were issued a $0.12 dividend.
The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.
59%. Albertsons Companies’s dividend payout ratio (DPR) is 21.52%.
Hedge Funds Weigh In On Albertsons Companies A number of institutional investors have recently added to or reduced their stakes in ACI. Private Advisor Group LLC bought a new position in Albertsons Companies in the fourth quarter worth $264,000. Principal Securities Inc.
bought a new position in Albertsons Companies in the fourth quarter worth $62,000. Dimensional Fund Advisors LP raised its holdings in Albertsons Companies by 40.4% in the fourth quarter.
Dimensional Fund Advisors LP now owns 2,404,574 shares of the company’s stock worth $55,305,000 after purchasing an additional 692,188 shares in the last quarter. Panagora Asset Management Inc. bought a new position in shares of Albertsons Companies during the fourth quarter valued at $2,202,000.
Finally, Norges Bank bought a new position in shares of Albertsons Companies during the fourth quarter valued at $312,510,000. Institutional investors own 71.35% of the company’s stock.
About Albertsons Companies ( 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.
See Also Receive News & Ratings for Albertsons Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albertsons Companies and related companies with MarketBeat.com's FREE daily email newsletter ..
