Stock traders buy high volume of call options on Albertsons companies (NYSE: ACI)
Albertsons Companies, Inc. (NYSE: ACI) received exceptionally large option trades on Wednesday. Traders bought 21,136 call options on the company. This represents an increase of 1,078% over the typical volume of 1,794 call options.
A number of research companies have recently published reports on ACI. Deutsche Bank Aktiengesellschaft raised its price target on Albertsons companies from $ 26.00 to $ 28.00 and gave the stock a “buy” rating in a report released on Monday, July 19. Telsey Advisory Group increased its price target on the Albertsons companies from $ 28.00 to $ 33.00 and gave the company an “outperformance” rating in a report released on Wednesday August 11. Barclays raised the Albertsons companies from an “underweight” rating to a “par weight” rating and increased their target price for the company from $ 19.00 to $ 27.00 in a report released on Wednesday August 11 . Zacks Investment Research upgraded Albertsons companies from a “hold” rating to a “buy” rating and set a target price of $ 23.00 for the company in a report released Tuesday, July 27. Finally, the Goldman Sachs group reaffirmed a “neutral” rating and set a target price of $ 20.00 (vs. $ 23.00) for shares of Albertsons Companies in a report released on Monday, May 10. One research analyst rated the stock with a sell rating, five gave a conservation rating, and five gave the company a buy rating. According to MarketBeat data, Albertsons Companies has a consensus rating of “Hold” and an average price target of $ 23.64.
ACI traded down $ 0.18 during the midday session Wednesday, reaching $ 30.18. 1,694,166 shares of the company were traded in the hands, compared to its average volume of 1,789,432. The company has a fifty-day moving average of $ 23.38 and a two hundred-day moving average of 20 , $ 39. The stock has a market cap of $ 14.08 billion, a price / earnings ratio of 27.15, a P / E / G ratio of 1.08, and a beta of 0.03. The company has a debt to equity ratio of 4.80, a current ratio of 1.10 and a quick ratio of 0.46. Albertsons Companies has a 52 week low of $ 12.91 and a 52 week high of $ 31.28.
Albertsons Companies (NYSE: ACI) last released its quarterly results on Wednesday, July 28. The company reported EPS of $ 0.89 for the quarter, beating analyst consensus estimates of $ 0.68 by $ 0.21. Albertsons Companies had a return on equity of 107.72% and a net margin of 1.04%. Sell-side analysts predict that Albertsons companies will post an EPS of 2.25 for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 10. Shareholders of record on Monday July 26 received a dividend of $ 0.10. This represents an annualized dividend of $ 0.40 and a dividend yield of 1.33%. The ex-dividend date was Friday July 23. Albertsons Companies’ dividend payout ratio is currently 12.35%.
Several large investors have recently changed their positions in the company. Lubert Adler Management Company LP increased its position in Albertsons Companies shares by 4.5% in the second quarter. Lubert Adler Management Company LP now owns 58,128,754 shares of the company valued at $ 1,142,811,000 after acquiring an additional 2,503,063 shares in the last quarter. Colony Capital Inc. purchased a new position in Albertsons Companies during the 1st quarter valued at approximately $ 332,313,000. Massachusetts Financial Services Co. MA increased its position in Albertsons Companies by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,974,525 shares of the company valued at $ 113,934,000 after purchasing an additional 24,376 shares during the last quarter. BlackRock Inc. increased its position in Albertsons Companies by 176.9% during the 1st quarter. BlackRock Inc. now owns 4,983,422 shares of the company valued at $ 95,034,000 after purchasing an additional 3,183,750 shares in the last quarter. Finally, Private Management Group Inc. increased its position in Albertsons Companies by 0.4% during the second quarter. Private Management Group Inc. now owns 2,295,841 shares of the company valued at $ 45,136,000 after purchasing an additional 9,641 shares last quarter. 58.78% of the shares are held by hedge funds and other institutional investors.
About Albertsons Companies
Albertsons Companies, Inc., through its subsidiaries, operates food and drug stores in the United States. The company’s food and drug stores offer groceries, general merchandise, health and beauty products, pharmaceuticals, fuel and other items and services. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw’s, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets and Balducci’s Food Lovers Market; and 1,727 drugstores, 1,313 branded in-store cafes, 400 adjacent fuel centers, 22 distribution centers and 20 manufacturing facilities, as well as various digital platforms.
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