Tidal Investments LLC Sells 2,007 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Tidal Investments LLC lowered its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,139 shares of the company’s stock after selling 2,007 shares during the period. Tidal Investments LLC’s holdings in Albertsons Companies were worth $797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Signaturefd LLC grew its position in shares of Albertsons Companies by 108.4% during the second 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. Intact Investment Management Inc. bought a new position in Albertsons Companies during the second quarter valued at approximately $126,000. Acadian Asset Management LLC purchased a new position in Albertsons Companies during the 2nd quarter valued at approximately $150,000. Headlands Technologies LLC increased its stake in Albertsons Companies by 2,243.9% in the 2nd 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 last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Albertsons Companies in the 3rd quarter worth approximately $185,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ACI. Morgan Stanley cut their target price on shares of Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Tigress Financial reissued a “buy” rating and issued a $27.00 price objective on shares of Albertsons Companies in a research note on Monday, October 21st. BMO Capital Markets decreased 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 research report on Wednesday, October 16th. Royal Bank of Canada lifted their price target on Albertsons Companies from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, 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. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.75.

Albertsons Companies Stock Up 0.6 %

Shares of NYSE:ACI opened at $19.52 on Friday. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22. The business has a 50 day simple moving average of $18.96 and a two-hundred day simple moving average of $19.36. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.47. The firm has a market capitalization of $11.31 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51.

Albertsons Companies (NYSE:ACI) last released its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share 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 analyst estimates of $18.47 billion. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. On average, equities analysts predict that Albertsons Companies, Inc. will post 2.13 EPS 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 $0.12 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.48 annualized dividend and a yield of 2.46%. Albertsons Companies’s dividend payout ratio (DPR) is 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.