From MarketBeat:

On January 15th, there was unusually large options trading targeting Albertsons Companies, Inc. Stock investors bought 36,199 call options, representing a significant 521% increase compared to the typical volume of 5,825 call options.

A number of hedge funds and institutional investors recently increased or decreased their stakes in Albertsons Companies. 68.64% of the company’s stock is currently owned by these investors.

Separately, Telsey Advisory Group restated a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies. The company currently has an average rating of “Hold” and a consensus price target of $26.81.

Albertsons Companies traded up $0.30 during midday trading on Friday, reaching $22.84, with 3,269,075 shares being exchanged. The company has a market cap of $13.15 billion.

Albertsons Companies recently announced a quarterly dividend, with a dividend yield of 2.10%. Its dividend payout ratio is 25.00%.

Albertsons Companies, Inc. operates food and drug stores in the US, offering grocery products, general merchandise, pharmacy, fuel, and other items and services.

This article was created using narrative science technology and financial data from MarketBeat. Before investing in Albertsons Companies, consider Wall Street’s top-rated stocks recommended by analysts. Top-rated analysts believe these five stocks are better buys.



Read more: Albertsons Companies Target of Unusually Large Options Trading (NYSE:ACI)