Albertsons Companies, Inc. (NYSE:ACI) Stock Holdings Lowered by Murchinson Ltd.

Murchinson Ltd. decreased its position in Albertsons Companies, Inc. (NYSE:ACI) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 632,315 shares of the company’s stock after selling 54,213 shares during the quarter. Albertsons Companies accounts for about 3.2% of Murchinson Ltd.’s investment portfolio, making the stock its 6th largest holding. Murchinson Ltd.’s holdings in Albertsons Companies were worth $11,685,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Signaturefd LLC raised its position in shares of Albertsons Companies by 108.4% in the 2nd quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock valued at $47,000 after purchasing an additional 1,230 shares in the last quarter. Blue Trust Inc. increased its holdings in Albertsons Companies by 2,948.4% in the second quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock valued at $62,000 after buying an additional 2,801 shares during the last quarter. Intact Investment Management Inc. bought a new stake in shares of Albertsons Companies in the 2nd quarter valued at approximately $126,000. Acadian Asset Management LLC acquired a new position in Albertsons Companies in the second quarter worth $150,000. Finally, Headlands Technologies LLC raised its stake in Albertsons Companies by 2,243.9% during the second quarter. Headlands Technologies LLC now owns 8,977 shares of the company’s stock worth $177,000 after acquiring an additional 8,594 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ACI shares. Melius upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, October 21st. Telsey Advisory Group restated a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a report on Friday, October 11th. Evercore ISI upped their target price on Albertsons Companies from $18.00 to $19.00 and gave the company an “in-line” rating in a report on Tuesday. Melius Research raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, October 21st. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Albertsons Companies has an average rating of “Moderate Buy” and a consensus price target of $23.25.

Albertsons Companies Stock Down 0.6 %

Albertsons Companies stock opened at $19.33 on Wednesday. Albertsons Companies, Inc. has a twelve month low of $17.80 and a twelve month high of $23.47. 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 firm has a market cap of $11.20 billion, a PE ratio of 11.30, a P/E/G ratio of 1.14 and a beta of 0.51. The firm’s 50 day moving average price is $18.78 and its two-hundred day moving average price is $19.47.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $18.47 billion. During the same period last year, the company earned $0.60 earnings per share. Albertsons Companies’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, research analysts predict that Albertsons Companies, Inc. will post 2.13 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were issued a $0.12 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.48%. Albertsons Companies’s dividend payout ratio 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.