17,102 Shares in Albertsons Companies, Inc. (NYSE:ACI) Acquired by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 17,102 shares of the company’s stock, valued at approximately $316,000.

Several other large investors also recently modified their holdings of the stock. Intech Investment Management LLC boosted its stake in Albertsons Companies by 134.6% during the third quarter. Intech Investment Management LLC now owns 23,966 shares of the company’s stock worth $443,000 after acquiring an additional 13,749 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Albertsons Companies by 494.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 440,494 shares of the company’s stock valued at $8,140,000 after purchasing an additional 366,331 shares during the period. Swiss National Bank boosted its position in shares of Albertsons Companies by 9.2% during the 3rd 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 in the last quarter. Gladius Capital Management LP acquired a new stake in shares of Albertsons Companies in the 3rd quarter valued at about $232,000. Finally, Seizert Capital Partners LLC increased its position in Albertsons Companies by 13.3% in the 3rd quarter. Seizert Capital Partners LLC now owns 1,658,192 shares of the company’s stock valued at $30,643,000 after buying an additional 194,390 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Stock Up 1.6 %

ACI stock opened at $19.37 on Friday. Albertsons Companies, Inc. has a 1-year low of $17.80 and a 1-year high of $23.47. The stock has a market cap of $11.22 billion, a P/E ratio of 11.33, a P/E/G ratio of 1.13 and a beta of 0.49. The stock’s fifty day simple moving average is $18.66 and its two-hundred day simple moving average is $19.54. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.58.

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

Albertsons Companies Announces Dividend

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

Analyst Ratings Changes

ACI has been the topic of several recent research reports. 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 report on Monday, October 21st. Tigress Financial reaffirmed a “buy” rating and set a $27.00 target price on shares of Albertsons Companies in a research report on Monday, October 21st. Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a research report on Friday, October 11th. Wells Fargo & Company restated a “market perform” rating on shares of Albertsons Companies in a report on Friday, October 18th. Finally, BMO Capital Markets dropped their price objective on shares of 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. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.58.

Albertsons Companies 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.