12,490 Shares in Albertsons Companies, Inc. (NYSE:ACI) Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario bought a new stake in Albertsons Companies, Inc. (NYSE:ACI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,490 shares of the company’s stock, valued at approximately $231,000.

A number of other large investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings 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. grew its holdings 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 valued at $62,000 after acquiring an additional 2,801 shares in the last quarter. Intact Investment Management Inc. acquired a new stake in shares of Albertsons Companies in the second quarter valued at about $126,000. Acadian Asset Management LLC bought a new stake in Albertsons Companies during the second quarter worth about $150,000. Finally, Headlands Technologies LLC grew its stake in Albertsons Companies by 2,243.9% in the second quarter. Headlands Technologies LLC now owns 8,977 shares of the company’s stock valued at $177,000 after purchasing an additional 8,594 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Price Performance

Shares of NYSE ACI opened at $19.14 on Monday. The business’s 50 day moving average is $18.84 and its 200-day moving average is $19.43. The firm has a market cap of $11.09 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 1.13 and a beta of 0.51. Albertsons Companies, Inc. has a 1-year low of $17.80 and a 1-year high of $23.47. 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 announced its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share. Albertsons Companies’s quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts predict that Albertsons Companies, Inc. will post 2.13 earnings per share for the current year.

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were given a dividend of $0.12 per share. The ex-dividend date was Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.51%. Albertsons Companies’s payout ratio is presently 28.07%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ACI shares. Melius Research raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, October 21st. Tigress Financial reaffirmed a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a report on Monday, October 21st. Wells Fargo & Company reiterated a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Evercore ISI boosted their price target on Albertsons Companies from $18.00 to $19.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 3rd. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a research note on Friday, October 11th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Albertsons Companies currently has an average rating of “Moderate Buy” and a consensus price target of $23.25.

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.