Intech Investment Management LLC Increases Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Intech Investment Management LLC lifted its position in Albertsons Companies, Inc. (NYSE:ACI) by 134.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,966 shares of the company’s stock after purchasing an additional 13,749 shares during the quarter. Intech Investment Management LLC’s holdings in Albertsons Companies were worth $443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank boosted its holdings in shares of Albertsons Companies by 9.2% during the third quarter. Swiss National Bank now owns 1,117,200 shares of the company’s stock worth $20,646,000 after purchasing an additional 94,300 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Albertsons Companies by 5.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 670,722 shares of the company’s stock worth $12,395,000 after acquiring an additional 36,154 shares in the last quarter. Lubert Adler Management Company LP raised its stake in Albertsons Companies by 47.1% during the 2nd quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock valued at $52,629,000 after purchasing an additional 852,857 shares during the period. Tidal Investments LLC raised its holdings in shares of Albertsons Companies by 109.7% during the first quarter. Tidal Investments LLC now owns 57,054 shares of the company’s stock worth $1,223,000 after acquiring an additional 29,849 shares in the last quarter. Finally, Versor Investments LP raised its stake in shares of Albertsons Companies by 24.1% in the 3rd quarter. Versor Investments LP now owns 166,202 shares of the company’s stock valued at $3,071,000 after acquiring an additional 32,305 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Trading Down 2.0 %

Shares of Albertsons Companies stock opened at $19.45 on Tuesday. The stock has a market cap of $11.27 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.49. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22. The firm has a fifty day moving average price of $18.76 and a 200 day moving average price of $19.48. Albertsons Companies, Inc. has a 1 year low of $17.80 and a 1 year high of $23.47.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same quarter last year, the business earned $0.60 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts predict that Albertsons Companies, Inc. will post 2.13 earnings per share for the current year.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.47%. The ex-dividend date was Monday, October 28th. Albertsons Companies’s payout ratio is currently 28.07%.

Analyst Upgrades and Downgrades

ACI has been the topic of a number of research reports. Tigress Financial reiterated a “buy” rating and set a $27.00 target price on shares of Albertsons Companies in a research report on Monday, October 21st. Melius Research upgraded shares of 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 decreased their target price on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 16th. Wells Fargo & Company restated a “market perform” rating on shares of Albertsons Companies in a report on Friday, October 18th. Finally, 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.58.

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.