Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Barclays PLC

Barclays PLC lessened its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 80.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,801,465 shares of the company's stock after selling 7,237,340 shares during the quarter. Barclays PLC owned approximately 0.31% of Albertsons Companies worth $33,291,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Albertsons Companies by 88.1% during the third quarter. FMR LLC now owns 16,841,582 shares of the company's stock valued at $311,232,000 after acquiring an additional 7,887,688 shares during the last quarter. Parsifal Capital Management LP lifted its holdings in Albertsons Companies by 22.8% in the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company's stock valued at $157,946,000 after purchasing an additional 1,585,899 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Albertsons Companies by 25.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company's stock worth $114,033,000 after purchasing an additional 1,239,978 shares during the last quarter. Anson Funds Management LP lifted its stake in shares of Albertsons Companies by 973.0% in the third quarter. Anson Funds Management LP now owns 1,190,165 shares of the company's stock worth $21,994,000 after buying an additional 1,079,246 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Albertsons Companies by 38.7% in the second 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 in the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ACI shares. Wells Fargo & Company reaffirmed a "market perform" rating on shares of Albertsons Companies in a research note on Friday, October 18th. Tigress Financial restated a "buy" rating and issued a $27.00 price target on shares of Albertsons Companies 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 objective on the stock in a research report on Monday, October 21st. Telsey Advisory Group lowered their price objective on Albertsons Companies from $27.25 to $21.00 and set a "market perform" rating on the stock in a research note on Thursday. Finally, Bank of America assumed coverage on Albertsons Companies in a research note on Friday. They issued a "neutral" rating and a $22.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.09.

Albertsons Companies Trading Up 2.0 %

Shares of NYSE ACI traded up $0.38 during trading on Friday, reaching $19.50. The stock had a trading volume of 10,440,304 shares, compared to its average volume of 3,244,013. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.22 and a current ratio of 0.90. The company has a market cap of $11.30 billion, a P/E ratio of 11.40, a PEG ratio of 1.07 and a beta of 0.51. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.47. The business's 50-day moving average price is $18.87 and its 200-day moving average price is $19.38.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results 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. The company had revenue of $18.55 billion during the quarter, compared to the consensus estimate 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 was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. On average, equities research analysts predict that Albertsons Companies, Inc. will post 2.13 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.46%. 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.