Albertsons Companies, Inc. (NYSE:ACI) Position Decreased by Factorial Partners LLC

Factorial Partners LLC lowered its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 72.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,500 shares of the company’s stock after selling 30,000 shares during the period. Factorial Partners LLC’s holdings in Albertsons Companies were worth $213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its position in 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 during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Albertsons Companies by 25.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,624,692 shares of the company’s stock worth $91,337,000 after purchasing an additional 924,519 shares during the period. Lubert Adler Management Company LP lifted its holdings in shares of Albertsons Companies by 47.1% during the second quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock valued at $52,629,000 after purchasing an additional 852,857 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Albertsons Companies by 546.6% during the second quarter. Canada Pension Plan Investment Board now owns 954,400 shares of the company’s stock valued at $18,849,000 after purchasing an additional 806,800 shares during the last quarter. Finally, Murchinson Ltd. acquired a new position in shares of Albertsons Companies in the 1st quarter valued at $14,719,000. 71.35% of the stock is currently owned by institutional investors.

Albertsons Companies Trading Up 1.3 %

Shares of NYSE ACI opened at $19.26 on Wednesday. Albertsons Companies, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $23.47. The firm has a market capitalization of $11.16 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.11 and a beta of 0.49. 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 company’s 50 day simple moving average is $18.65 and its 200 day simple moving average is $19.55.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same period in the prior year, the business posted $0.60 EPS. Albertsons Companies’s revenue was up 1.4% on a year-over-year basis. On average, analysts predict that Albertsons Companies, Inc. will post 2.13 EPS for the current year.

Albertsons Companies Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 2.49%. The ex-dividend date was Monday, October 28th. Albertsons Companies’s payout ratio is presently 28.07%.

Analyst Ratings Changes

Several analysts have issued reports on ACI shares. 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. Melius raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, October 21st. Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Melius Research upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, October 21st. Finally, Telsey Advisory Group restated a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a report on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $23.58.

About Albertsons Companies

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.