Seizert Capital Partners LLC Has $30.64 Million Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Seizert Capital Partners LLC boosted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 13.3% in the 3rd quarter, Holdings Channel reports. The firm owned 1,658,192 shares of the company’s stock after buying an additional 194,390 shares during the period. Seizert Capital Partners LLC’s holdings in Albertsons Companies were worth $30,643,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ACI. Bank of New York Mellon Corp lifted its position in shares of Albertsons Companies by 38.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,426,264 shares of the company’s stock worth $67,669,000 after buying an additional 956,744 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Albertsons Companies by 25.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,624,692 shares of the company’s stock worth $91,337,000 after acquiring an additional 924,519 shares during the last quarter. Lubert Adler Management Company LP boosted its stake in shares of Albertsons Companies by 47.1% in the 2nd quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock valued at $52,629,000 after purchasing an additional 852,857 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Albertsons Companies by 546.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 954,400 shares of the company’s stock valued at $18,849,000 after purchasing an additional 806,800 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Albertsons Companies by 84.7% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,598,800 shares of the company’s stock valued at $34,278,000 after purchasing an additional 733,000 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Trading Down 1.2 %

NYSE:ACI opened at $18.88 on Friday. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22. Albertsons Companies, Inc. has a one year low of $17.80 and a one year high of $23.47. The company has a market cap of $10.94 billion, a PE ratio of 11.04, a PEG ratio of 1.12 and a beta of 0.49. The firm has a 50-day moving average of $18.60 and a 200-day moving average of $19.58.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same period in the previous year, the company posted $0.60 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities research analysts expect that Albertsons Companies, Inc. will post 2.13 EPS for the current fiscal 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 yield of 2.54%. The ex-dividend date was Monday, October 28th. Albertsons Companies’s payout ratio is currently 28.07%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ACI shares. Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Tigress Financial reiterated a “buy” rating and issued a $27.00 price target on shares of Albertsons Companies in a research note on Monday, October 21st. Melius Research upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Monday, October 21st. Melius upgraded 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, Telsey Advisory Group reiterated a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a report on Friday, October 11th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.58.

Albertsons Companies 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.