1,205,619 Shares in Albertsons Companies, Inc. (NYSE:ACI) Bought by Trium Capital LLP

Trium Capital LLP purchased a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI) during the fourth quarter, Holdings Channel reports. The fund purchased 1,205,619 shares of the company’s stock, valued at approximately $23,678,000. Albertsons Companies comprises about 3.4% of Trium Capital LLP’s holdings, making the stock its biggest holding.

A number of other large investors have also recently bought and sold shares of the business. Private Advisor Group LLC increased its stake in shares of Albertsons Companies by 4.4% in the 3rd quarter. Private Advisor Group LLC now owns 13,010 shares of the company’s stock valued at $240,000 after acquiring an additional 544 shares in the last quarter. Eagle Bay Advisors LLC grew its holdings in Albertsons Companies by 108.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares during the period. CIBC Asset Management Inc increased its stake in Albertsons Companies by 4.9% in the third quarter. CIBC Asset Management Inc now owns 19,324 shares of the company’s stock valued at $357,000 after purchasing an additional 895 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Albertsons Companies by 1.6% during the second quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock valued at $1,198,000 after purchasing an additional 933 shares during the period. Finally, Synovus Financial Corp boosted its position in shares of Albertsons Companies by 10.0% during the 3rd quarter. Synovus Financial Corp now owns 13,192 shares of the company’s stock worth $244,000 after purchasing an additional 1,197 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Trading Down 2.9 %

NYSE:ACI opened at $19.62 on Friday. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $22.03. The firm has a 50-day moving average price of $19.50 and a two-hundred day moving average price of $19.34. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.22 and a current ratio of 0.93. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 1.16 and a beta of 0.51.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The company had revenue of $18.77 billion during the quarter, compared to the consensus estimate of $18.82 billion. During the same period last year, the business posted $0.79 earnings per share. Albertsons Companies’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that Albertsons Companies, Inc. will post 2.16 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be issued a $0.15 dividend. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Friday, January 24th. Albertsons Companies’s payout ratio is 33.71%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 target price on shares of Albertsons Companies in a research report on Tuesday, January 7th. Tigress Financial restated a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a report on Monday, October 21st. 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. Telsey Advisory Group restated an “outperform” rating and set a $26.00 price target on shares of Albertsons Companies in a research note on Thursday, January 9th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and seven 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 a consensus target price of $22.75.

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.