Victory Capital Management Inc. Grows Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Victory Capital Management Inc. lifted its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 19.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,146 shares of the company’s stock after buying an additional 17,902 shares during the quarter. Victory Capital Management Inc.’s holdings in Albertsons Companies were worth $1,999,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Signaturefd LLC increased its position in Albertsons Companies by 108.4% during the second quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock worth $47,000 after purchasing an additional 1,230 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Albertsons Companies by 2,948.4% in the 2nd quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock worth $62,000 after acquiring an additional 2,801 shares during the period. UniSuper Management Pty Ltd boosted its stake in Albertsons Companies by 133.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock valued at $105,000 after purchasing an additional 2,800 shares in the last quarter. Intact Investment Management Inc. acquired a new position in shares of Albertsons Companies in the 2nd quarter worth approximately $126,000. Finally, Acadian Asset Management LLC acquired a new position in Albertsons Companies in the second quarter worth approximately $150,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ACI. Melius Research upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, October 21st. Telsey Advisory Group restated a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a report on Friday, October 11th. Melius raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, October 21st. Tigress Financial reaffirmed a “buy” rating and issued a $27.00 price target on shares of Albertsons Companies in a report on Monday, October 21st. Finally, BMO Capital Markets reduced their price objective on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a report on Wednesday, October 16th. Four investment 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 stock has a consensus rating of “Moderate Buy” and an average target price of $23.58.

Albertsons Companies Trading Up 1.6 %

Shares of NYSE:ACI opened at $19.37 on Monday. The business has a 50 day moving average of $18.67 and a 200-day moving average of $19.52. The stock has a market cap of $11.22 billion, a PE ratio of 11.33, a P/E/G ratio of 1.12 and a beta of 0.49. Albertsons Companies, Inc. has a 12-month low of $17.80 and a 12-month high of $23.47. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58.

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

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.48%. The ex-dividend date was Monday, October 28th. Albertsons Companies’s dividend payout ratio (DPR) is currently 28.07%.

Albertsons Companies Company Profile

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.