Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Boston Partners

Boston Partners reduced its position in Albertsons Companies, Inc. (NYSE:ACI) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,836 shares of the company’s stock after selling 10,748 shares during the quarter. Boston Partners’ holdings in Albertsons Companies were worth $2,977,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Swedbank AB acquired a new position in Albertsons Companies in the 1st quarter valued at about $1,725,000. Brown Shipley& Co Ltd acquired a new position in Albertsons Companies in the 1st quarter valued at about $224,000. Comerica Bank grew its position in Albertsons Companies by 14.9% in the 1st quarter. Comerica Bank now owns 36,325 shares of the company’s stock valued at $779,000 after acquiring an additional 4,716 shares in the last quarter. Tidal Investments LLC grew its position in Albertsons Companies by 109.7% in the 1st quarter. Tidal Investments LLC now owns 57,054 shares of the company’s stock valued at $1,223,000 after acquiring an additional 29,849 shares in the last quarter. Finally, Murchinson Ltd. acquired a new position in shares of Albertsons Companies during the first quarter worth about $14,719,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Royal Bank of Canada lowered their price objective on Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, April 23rd. Roth Capital raised Albertsons Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 23rd. Roth Mkm raised Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, April 23rd. Evercore ISI lowered their price objective on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday, April 16th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a report on Thursday, July 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Albertsons Companies presently has an average rating of “Moderate Buy” and an average price target of $24.45.

Albertsons Companies Stock Up 1.0 %

Albertsons Companies stock traded up $0.20 during mid-day trading on Friday, hitting $19.96. The company had a trading volume of 3,272,455 shares, compared to its average volume of 2,844,237. The stock has a market cap of $11.56 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 1.09 and a beta of 0.49. Albertsons Companies, Inc. has a 1 year low of $19.33 and a 1 year high of $23.88. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67. The business has a fifty day moving average of $19.98 and a 200 day moving average of $20.61.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $24.27 billion during the quarter, compared to analysts’ expectations of $24.16 billion. Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 earnings per share. On average, sell-side analysts expect that Albertsons Companies, Inc. will post 2.26 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 26th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, July 26th. Albertsons Companies’s payout ratio is currently 21.52%.

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.