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

Factorial Partners LLC decreased its position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 72.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund 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 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of Albertsons Companies by 108.4% in the 2nd quarter. Signaturefd LLC now owns 2,365 shares of the company's stock worth $47,000 after purchasing an additional 1,230 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Albertsons Companies by 2,948.4% in 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 during the last quarter. UniSuper Management Pty Ltd lifted its position in shares of Albertsons Companies by 133.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company's stock worth $105,000 after purchasing an additional 2,800 shares during the last quarter. Intact Investment Management Inc. bought a new position in Albertsons Companies during the second quarter valued at about $126,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Albertsons Companies in the 2nd quarter valued at approximately $150,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company restated a "market perform" rating on shares of Albertsons Companies in a research report on Friday, October 18th. Tigress Financial reaffirmed a "buy" rating and set a $27.00 price objective on shares of Albertsons Companies in a research note on Monday, October 21st. BMO Capital Markets lowered their target price on Albertsons Companies from $21.00 to $19.00 and set a "market perform" rating for the company in a report on Wednesday, October 16th. Telsey Advisory Group restated a "market perform" rating and issued a $27.25 price objective on shares of Albertsons Companies in a report on Friday, October 11th. Finally, Melius upgraded Albertsons Companies from a "hold" rating to a "buy" rating and set a $24.00 price objective for the company in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $23.58.

Albertsons Companies Stock Down 0.8 %

NYSE:ACI traded down $0.15 during trading hours on Wednesday, reaching $19.12. 1,912,140 shares of the company traded hands, compared to its average volume of 3,045,069. The business's 50-day moving average price is $18.65 and its two-hundred day moving average price is $19.55. The stock has a market capitalization of $11.08 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.11 and a beta of 0.49. Albertsons Companies, Inc. has a 1 year low of $17.80 and a 1 year 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.

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

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were given a dividend of $0.12 per share. The ex-dividend date was Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.51%. Albertsons Companies's dividend payout ratio (DPR) is presently 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.