Albertsons Companies, Inc. $ACI Shares Newly Acquired by Private Advisory Group LLC

Private Advisory Group LLC acquired a new stake in Albertsons Companies, Inc. (NYSE:ACI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 941,807 shares of the company’s stock, valued at approximately $10,934,000. Private Advisory Group LLC owned 0.20% of Albertsons Companies as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp grew its position in Albertsons Companies by 2,707.5% during the first quarter. Fifth Third Bancorp now owns 123,867 shares of the company’s stock worth $2,111,000 after buying an additional 119,455 shares in the last quarter. WINTON GROUP Ltd bought a new position in Albertsons Companies during the 2nd quarter worth $3,910,000. Public Employees Retirement System of Ohio bought a new position in Albertsons Companies during the 2nd quarter worth $1,531,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Albertsons Companies during the 2nd quarter worth $3,658,000. Finally, KBC Group NV raised its holdings in Albertsons Companies by 214.3% in the 1st quarter. KBC Group NV now owns 174,687 shares of the company’s stock valued at $2,977,000 after acquiring an additional 119,109 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Stock Performance

NYSE ACI opened at $13.15 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.21 and a debt-to-equity ratio of 5.89. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of -119.59, a P/E/G ratio of 2.22 and a beta of 0.38. The firm’s 50 day simple moving average is $12.63 and its 200 day simple moving average is $14.78. Albertsons Companies, Inc. has a 1 year low of $10.86 and a 1 year high of $18.83.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Tuesday, October 13th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Albertsons Companies had a negative net margin of 0.06% and a positive return on equity of 52.17%. The business had revenue of $18.89 billion for the quarter, compared to analysts’ expectations of $18.87 billion. During the same period last year, the firm posted $0.30 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts expect that Albertsons Companies, Inc. will post 1.65 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 6th. Shareholders of record on Friday, October 23rd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, October 23rd. Albertsons Companies’s dividend payout ratio (DPR) is currently -618.18%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Zacks Research upgraded Albertsons Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Royal Bank Of Canada raised their price target on Albertsons Companies from $13.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 14th. The Goldman Sachs Group cut Albertsons Companies from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research report on Thursday, October 15th. Barclays dropped their price target on Albertsons Companies from $17.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, July 24th. Finally, Wells Fargo & Company upped their price objective on shares of Albertsons Companies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 14th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $13.42.

Albertsons Companies Company Profile

Albertsons Companies, Inc. is a U.S. food and drug retailer headquartered in Boise, Idaho. Founded by Joe Albertson in 1939, the company operates grocery stores under banners including Albertsons, Safeway, Vons, Jewel-Osco, Acme, Shaw’s and Tom Thumb. Its stores sell groceries, fresh produce, meat, bakery and deli items, household products and other everyday goods. Many locations also offer pharmacy services and fuel, while the company provides online ordering, pickup and home delivery. Albertsons serves customers across multiple regions of the United States, with stores in 34 states and the District of Columbia.