Factorial Partners LLC Sells 30,000 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Factorial Partners LLC cut its stake in Albertsons Companies, Inc. (NYSE:ACI) by 72.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,500 shares of the company’s stock after selling 30,000 shares during the period. Factorial Partners LLC’s holdings in Albertsons Companies were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in shares of Albertsons Companies by 108.4% in 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 in 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. UniSuper Management Pty Ltd increased its position in shares of Albertsons Companies by 133.3% in the first 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. bought a new stake in Albertsons Companies during the second quarter worth about $126,000. Finally, Acadian Asset Management LLC acquired a new position in Albertsons Companies during the second quarter valued at approximately $150,000. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Price Performance

NYSE:ACI opened at $19.26 on Wednesday. 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 firm has a market cap of $11.16 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 1.11 and a beta of 0.49. Albertsons Companies, Inc. has a 52 week low of $17.80 and a 52 week high of $23.47. The firm’s 50-day simple moving average is $18.65 and its 200 day simple moving average is $19.55.

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

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Monday, October 28th. Albertsons Companies’s payout ratio is currently 28.07%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Tigress Financial reiterated a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a research note on Monday, October 21st. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a research note on Friday, October 11th. BMO Capital Markets lowered 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. Melius Research upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Monday, October 21st. Finally, Melius raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, October 21st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Albertsons Companies currently has an average rating of “Moderate Buy” and a consensus 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.