Quest Partners LLC Decreases Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Quest Partners LLC lessened its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 57.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 37,070 shares of the company's stock after selling 50,380 shares during the quarter. Quest Partners LLC's holdings in Albertsons Companies were worth $685,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of Albertsons Companies by 108.4% during the 2nd 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. boosted its holdings in shares of Albertsons Companies by 2,948.4% during the 2nd 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 boosted its holdings 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 buying an additional 2,800 shares in the last quarter. Intact Investment Management Inc. bought a new position in shares of Albertsons Companies during the 2nd quarter worth approximately $126,000. Finally, Acadian Asset Management LLC bought a new position in shares of Albertsons Companies during the 2nd quarter worth approximately $150,000. Institutional investors and hedge funds own 71.35% of the company's stock.

Analyst Upgrades and Downgrades

ACI has been the topic of a number of recent research reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $27.25 target price on shares of Albertsons Companies in a report on Friday, October 11th. BMO Capital Markets cut their target price on Albertsons Companies from $21.00 to $19.00 and set a "market perform" rating on the stock in a report on Wednesday, October 16th. Wells Fargo & Company reiterated a "market perform" rating on shares of Albertsons Companies in a report on Friday, October 18th. Melius Research upgraded Albertsons Companies from a "hold" rating to a "buy" rating and set a $24.00 target price on the stock in a report on Monday, October 21st. Finally, Tigress Financial reiterated a "buy" rating and issued a $27.00 target price on shares of Albertsons Companies in a report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $23.58.

Albertsons Companies Stock Up 1.6 %

NYSE:ACI traded up $0.31 during trading hours on Friday, hitting $19.37. 1,370,528 shares of the company traded hands, compared to its average volume of 3,012,340. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58. The firm's 50-day simple moving average is $18.66 and its 200-day simple moving average is $19.54. 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 $11.22 billion, a PE ratio of 11.33, a PEG ratio of 1.12 and a beta of 0.49.

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

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Monday, October 28th. Albertsons Companies's dividend payout ratio is presently 28.07%.

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.