tru Independence LLC Sells 11,320 Shares of Albertsons Companies, Inc. (NYSE:ACI)

tru Independence LLC trimmed its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 4.9% in the third quarter, HoldingsChannel reports. The firm owned 218,895 shares of the company’s stock after selling 11,320 shares during the quarter. tru Independence LLC’s holdings in Albertsons Companies were worth $4,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. acquired a new stake in shares of Albertsons Companies during the first quarter worth $41,000. Signaturefd LLC lifted its holdings in shares of 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 buying an additional 1,230 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Albertsons Companies by 2,948.4% during the second quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock worth $62,000 after buying an additional 2,801 shares in the last quarter. UniSuper Management Pty Ltd lifted its holdings in shares of Albertsons Companies by 133.3% during the first quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock worth $105,000 after buying an additional 2,800 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in shares of Albertsons Companies during the second quarter worth $126,000. 71.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ACI shares. Tigress Financial reissued a “buy” rating and set a $27.00 target price on shares of Albertsons Companies in a report on Monday, October 21st. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a research note on Friday, October 11th. Melius raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, October 21st. Finally, BMO Capital Markets dropped their price target on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.58.

Albertsons Companies Price Performance

Albertsons Companies stock traded up $0.02 during midday trading on Monday, reaching $19.28. The company’s stock had a trading volume of 110,473 shares, compared to its average volume of 3,050,772. Albertsons Companies, Inc. has a 52 week low of $17.80 and a 52 week 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. The business has a 50-day moving average price of $18.60 and a 200-day moving average price of $19.61. The stock has a market cap of $11.17 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.10 and a beta of 0.49.

Albertsons Companies (NYSE:ACI) last released 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. The firm had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.47 billion. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. On average, sell-side analysts predict that Albertsons Companies, Inc. will post 2.13 EPS for the current year.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Monday, October 28th. Albertsons Companies’s dividend payout ratio (DPR) is currently 28.07%.

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.