Albertsons Companies, Inc. $ACI Shares Newly Purchased by Private Advisory Group LLC

Private Advisory Group LLC bought a new stake in Albertsons Companies, Inc. (NYSE:ACI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 941,807 shares of the company’s stock, valued at approximately $10,934,000.

Several other institutional investors have also recently bought and sold shares of ACI. Illinois Municipal Retirement Fund boosted its stake in shares of Albertsons Companies by 13.3% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 407,193 shares of the company’s stock valued at $4,728,000 after purchasing an additional 47,714 shares in the last quarter. Lido Advisors LLC bought a new stake in shares of Albertsons Companies during the 3rd quarter valued at approximately $472,000. AlphaCore Capital LLC grew its holdings in shares of Albertsons Companies by 28.8% during the 3rd quarter. AlphaCore Capital LLC now owns 35,475 shares of the company’s stock valued at $412,000 after purchasing an additional 7,930 shares during the last quarter. Private Management Group Inc. grew its holdings in shares of Albertsons Companies by 6.5% during the 3rd quarter. Private Management Group Inc. now owns 3,297,830 shares of the company’s stock valued at $38,288,000 after purchasing an additional 201,322 shares during the last quarter. Finally, Fulcrum Asset Management LLP acquired a new position in Albertsons Companies during the 3rd quarter worth approximately $1,318,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Price Performance

Shares of ACI opened at $13.15 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.82 and a debt-to-equity ratio of 5.89. The stock has a market cap of $6.19 billion, a PE ratio of -119.59, a PEG ratio of 2.22 and a beta of 0.38. Albertsons Companies, Inc. has a 12-month low of $10.86 and a 12-month high of $18.83. The business has a 50-day simple moving average of $12.63 and a two-hundred day simple moving average of $14.78.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, October 13th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $18.89 billion for the quarter, compared to analyst estimates of $18.87 billion. Albertsons Companies had a positive return on equity of 52.17% and a negative net margin of 0.06%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm posted $0.30 earnings per share. Analysts anticipate that Albertsons Companies, Inc. will post 1.65 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 6th. Investors of record on Friday, October 23rd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Friday, October 23rd. Albertsons Companies’s dividend payout ratio (DPR) is -618.18%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ACI. Barclays lowered their price objective on shares of Albertsons Companies from $17.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, July 24th. Wells Fargo & Company raised their target price on shares of Albertsons Companies from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 14th. UBS Group reaffirmed a “neutral” rating on shares of Albertsons Companies in a research note on Wednesday, October 14th. The Goldman Sachs Group cut shares of Albertsons Companies from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research note on Thursday, October 15th. Finally, Weiss Ratings downgraded shares of Albertsons Companies from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 16th. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Albertsons Companies presently has a consensus rating of “Reduce” and a consensus target price of $13.42.

Albertsons Companies Profile

Albertsons Companies, Inc. is a U.S. food and drug retailer headquartered in Boise, Idaho. Founded by Joe Albertson in 1939, the company operates grocery stores under banners including Albertsons, Safeway, Vons, Jewel-Osco, Acme, Shaw’s and Tom Thumb. Its stores sell groceries, fresh produce, meat, bakery and deli items, household products and other everyday goods. Many locations also offer pharmacy services and fuel, while the company provides online ordering, pickup and home delivery. Albertsons serves customers across multiple regions of the United States, with stores in 34 states and the District of Columbia.