Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lowered its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 5.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,832 shares of the company’s stock after selling 4,700 shares during the period. Wolverine Asset Management LLC’s holdings in Albertsons Companies were worth $1,568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its stake in shares of Albertsons Companies by 108.4% during the 2nd 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. raised its holdings in Albertsons Companies by 2,948.4% in the 2nd quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock valued at $62,000 after acquiring an additional 2,801 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in Albertsons Companies by 133.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock valued at $105,000 after acquiring an additional 2,800 shares during the last quarter. Intact Investment Management Inc. acquired a new stake in shares of Albertsons Companies during the second quarter worth $126,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Albertsons Companies during the second quarter worth $150,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Performance

Shares of ACI stock opened at $19.36 on Tuesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.22 and a current ratio of 0.90. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.13 and a beta of 0.49. Albertsons Companies, Inc. has a one year low of $17.80 and a one year high of $23.47. The company’s 50-day simple moving average is $18.59 and its 200-day simple moving average is $19.60.

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

Albertsons Companies Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Monday, October 28th. Albertsons Companies’s payout ratio is 28.07%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ACI shares. Melius Research upgraded 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. Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a research report on Friday, October 11th. BMO Capital Markets dropped their price target on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a research report on Wednesday, October 16th. Melius 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 report on Monday, October 21st. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Albertsons Companies in a report on Friday, October 18th. Four research 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, Albertsons Companies presently has an average rating of “Moderate Buy” and an average price target of $23.58.

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.