Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 15.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,872 shares of the company’s stock after selling 8,882 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Albertsons Companies were worth $922,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ACI. Signaturefd LLC increased its position in Albertsons Companies by 108.4% in the second quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock worth $47,000 after buying an additional 1,230 shares during the period. Blue Trust Inc. raised its holdings in shares of Albertsons Companies by 2,948.4% during the second quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock worth $62,000 after acquiring an additional 2,801 shares in the last quarter. UniSuper Management Pty Ltd increased its position in Albertsons Companies by 133.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock worth $105,000 after purchasing an additional 2,800 shares during the last quarter. Intact Investment Management Inc. acquired a new position in Albertsons Companies in the 2nd quarter worth about $126,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Albertsons Companies during the 2nd quarter worth about $150,000. 71.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ACI has been the topic of a number of recent analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a research note on Friday, October 11th. Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Melius Research upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, October 21st. BMO Capital Markets lowered their price objective on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 16th. Finally, Tigress Financial reissued a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.58.

Albertsons Companies Stock Down 1.2 %

Shares of NYSE ACI opened at $18.88 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.22 and a current ratio of 0.90. Albertsons Companies, Inc. has a 52 week low of $17.80 and a 52 week high of $23.47. The stock has a market capitalization of $10.94 billion, a P/E ratio of 11.04, a PEG ratio of 1.12 and a beta of 0.49. The stock’s fifty day moving average is $18.60 and its 200 day moving average is $19.58.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.47 billion. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. Albertsons Companies’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Sell-side analysts forecast that Albertsons Companies, Inc. will post 2.13 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were issued a $0.12 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.48 annualized dividend and a yield of 2.54%. Albertsons Companies’s payout ratio is currently 28.07%.

About Albertsons Companies

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.