Nomura Asset Management Co. Ltd. Increases Position in Albertsons Companies, Inc. (NYSE:ACI)

Nomura Asset Management Co. Ltd. raised its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 88.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206,691 shares of the company’s stock after purchasing an additional 97,244 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Albertsons Companies were worth $3,820,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Albertsons Companies by 88.1% during the 3rd quarter. FMR LLC now owns 16,841,582 shares of the company’s stock valued at $311,232,000 after purchasing an additional 7,887,688 shares during the last quarter. Parsifal Capital Management LP grew its position in Albertsons Companies by 22.8% during the third quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock valued at $157,946,000 after acquiring an additional 1,585,899 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Albertsons Companies by 25.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock worth $114,033,000 after acquiring an additional 1,239,978 shares in the last quarter. Anson Funds Management LP raised its stake in shares of Albertsons Companies by 973.0% during the third quarter. Anson Funds Management LP now owns 1,190,165 shares of the company’s stock worth $21,994,000 after acquiring an additional 1,079,246 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Albertsons Companies by 38.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,426,264 shares of the company’s stock worth $67,669,000 after acquiring an additional 956,744 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Trading Up 1.9 %

Shares of Albertsons Companies stock opened at $19.49 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.22 and a current ratio of 0.90. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.47. The company has a fifty day moving average of $18.87 and a 200 day moving average of $19.39. The company has a market capitalization of $11.29 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.07 and a beta of 0.51.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $18.55 billion for 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%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. On average, sell-side analysts anticipate that Albertsons Companies, Inc. will post 2.13 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Monday, October 28th. Albertsons Companies’s dividend payout ratio is currently 28.07%.

Analyst Ratings Changes

ACI has been the topic of several recent research reports. BMO Capital Markets reduced their target price on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a report on Wednesday, October 16th. Melius raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, October 21st. Telsey Advisory Group lowered their target price on Albertsons Companies from $27.25 to $21.00 and set a “market perform” rating for the company in a research note on Thursday. Wells Fargo & Company restated a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Finally, Tigress Financial reiterated a “buy” rating and issued a $27.00 price objective on shares of Albertsons Companies in a research report on Monday, October 21st. Six 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 company presently has an average rating of “Moderate Buy” and an average price target of $22.09.

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.