Albertsons Companies, Inc. (NYSE:ACI) is Athos Capital Ltd’s 4th Largest Position

Athos Capital Ltd increased its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 10.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 445,262 shares of the company’s stock after acquiring an additional 43,400 shares during the quarter. Albertsons Companies makes up 2.7% of Athos Capital Ltd’s investment portfolio, making the stock its 4th largest position. Athos Capital Ltd owned approximately 0.08% of Albertsons Companies worth $8,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Maverick Capital Ltd. bought a new position in shares of Albertsons Companies in the third quarter worth approximately $1,113,000. Captrust Financial Advisors boosted its position in Albertsons Companies by 59.6% during the 3rd quarter. Captrust Financial Advisors now owns 71,151 shares of the company’s stock valued at $1,315,000 after buying an additional 26,582 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Albertsons Companies by 5.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,159,736 shares of the company’s stock worth $39,912,000 after acquiring an additional 115,030 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Albertsons Companies by 21.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 270,177 shares of the company’s stock valued at $4,993,000 after acquiring an additional 47,044 shares during the period. Finally, FMR LLC raised its stake in shares of Albertsons Companies by 88.1% during the third quarter. FMR LLC now owns 16,841,582 shares of the company’s stock valued at $311,232,000 after acquiring an additional 7,887,688 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Stock Performance

Shares of ACI stock opened at $19.85 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.58. The company’s fifty day moving average price is $18.76 and its 200-day moving average price is $19.49. The stock has a market cap of $11.50 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.49. Albertsons Companies, Inc. has a 12 month low of $17.80 and a 12 month high of $23.47.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data 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. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The business had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts expect 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 given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Monday, October 28th. Albertsons Companies’s dividend payout ratio (DPR) is 28.07%.

Analyst Ratings Changes

ACI has been the topic of several recent analyst reports. Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. BMO Capital Markets reduced their target price on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 16th. Melius Research raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, October 21st. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a report on Friday, October 11th. Finally, Melius upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Albertsons Companies currently has an average rating of “Moderate Buy” and an average target price 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.