Gallacher Capital Management LLC Buys Shares of 36,999 Albertsons Companies, Inc. $ACI

Gallacher Capital Management LLC bought a new position in Albertsons Companies, Inc. (NYSE:ACI) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 36,999 shares of the company’s stock, valued at approximately $630,000.

A number of other large investors also recently made changes to their positions in the business. CWM LLC increased its stake in Albertsons Companies by 103.5% in the fourth quarter. CWM LLC now owns 1,435 shares of the company’s stock valued at $25,000 after purchasing an additional 730 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Albertsons Companies by 185.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,628 shares of the company’s stock worth $28,000 after buying an additional 1,057 shares during the last quarter. NBC Securities Inc. boosted its stake in Albertsons Companies by 91.2% in the 4th quarter. NBC Securities Inc. now owns 1,855 shares of the company’s stock worth $32,000 after buying an additional 885 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Albertsons Companies by 172.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,062 shares of the company’s stock valued at $35,000 after buying an additional 1,306 shares during the period. Finally, Elevation Wealth Partners LLC acquired a new position in shares of Albertsons Companies during the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Performance

NYSE ACI opened at $15.02 on Friday. The company has a debt-to-equity ratio of 4.58, a current ratio of 0.86 and a quick ratio of 0.20. Albertsons Companies, Inc. has a 1-year low of $13.16 and a 1-year high of $20.91. The firm has a market capitalization of $7.35 billion, a P/E ratio of 46.92, a P/E/G ratio of 1.66 and a beta of 0.42. The business’s 50-day simple moving average is $15.14 and its 200-day simple moving average is $16.50.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $20.25 billion for the quarter, compared to analyst estimates of $20.49 billion. Albertsons Companies had a net margin of 0.26% and a return on equity of 42.75%. Albertsons Companies’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. Equities analysts predict that Albertsons Companies, Inc. will post 2.11 EPS for the current year.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, July 24th. Albertsons Companies’s payout ratio is currently 212.50%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ACI. Citigroup cut their price objective on shares of Albertsons Companies from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, June 29th. UBS Group lowered their target price on shares of Albertsons Companies from $23.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 price target on shares of Albertsons Companies in a research note on Monday, April 6th. JPMorgan Chase & Co. decreased their price target on shares of Albertsons Companies from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, June 30th. Finally, Weiss Ratings cut shares of Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Albertsons Companies presently has an average rating of “Hold” and a consensus price target of $20.25.

Albertsons Companies Profile

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.