Albertsons Companies, Inc. $ACI Shares Newly Acquired by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in shares of Albertsons Companies, Inc. (NYSE:ACI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,281 shares of the company’s stock, valued at approximately $1,048,000.

Other hedge funds have also modified their holdings of the company. Cidel Asset Management Inc. grew its holdings in shares of Albertsons Companies by 22.9% during the third quarter. Cidel Asset Management Inc. now owns 19,761 shares of the company’s stock worth $229,000 after buying an additional 3,678 shares in the last quarter. BOKF NA lifted its stake in Albertsons Companies by 49.6% in the 3rd quarter. BOKF NA now owns 77,383 shares of the company’s stock valued at $898,000 after acquiring an additional 25,654 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Albertsons Companies by 5.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 155,754 shares of the company’s stock valued at $1,808,000 after acquiring an additional 8,122 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in Albertsons Companies by 8.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 13,518 shares of the company’s stock valued at $157,000 after acquiring an additional 1,063 shares in the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in Albertsons Companies during the 3rd quarter worth approximately $186,000. 71.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ACI shares. Wells Fargo & Company raised their price target on shares of Albertsons Companies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 14th. The Goldman Sachs Group lowered shares of Albertsons Companies from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research report on Thursday, October 15th. BMO Capital Markets cut shares of Albertsons Companies from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $23.00 to $12.00 in a report on Friday, July 24th. Royal Bank Of Canada increased their target price on shares of Albertsons Companies from $13.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. Finally, Telsey Advisory Group downgraded shares of Albertsons Companies from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $22.00 to $13.00 in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $13.42.

Albertsons Companies Price Performance

NYSE:ACI opened at $12.79 on Monday. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.21 and a current ratio of 0.82. The stock’s 50-day simple moving average is $12.58 and its 200 day simple moving average is $14.86. The company has a market cap of $6.02 billion, a P/E ratio of -116.32, a P/E/G ratio of 2.18 and a beta of 0.38. Albertsons Companies, Inc. has a 52-week low of $10.86 and a 52-week high of $18.83.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings results on Tuesday, October 13th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Albertsons Companies had a positive return on equity of 52.17% and a negative net margin of 0.06%. The firm had revenue of $18.89 billion during the quarter, compared to analysts’ expectations of $18.87 billion. During the same period in the prior year, the firm posted $0.30 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that Albertsons Companies, Inc. will post 1.65 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 6th. Shareholders of record on Friday, October 23rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, October 23rd. This represents a $0.68 annualized dividend and a dividend yield of 5.3%. Albertsons Companies’s payout ratio is -618.18%.

Albertsons Companies Profile

Albertsons Companies, Inc is a U.S. food and drug retailer headquartered in Boise, Idaho. Founded by Joe Albertson in 1939, the company operates grocery stores under banners including Albertsons, Safeway, Vons, Jewel-Osco, Acme, Shaw’s and Tom Thumb.

Its stores sell groceries, fresh produce, meat, bakery and deli items, household products and other everyday goods. Many locations also offer pharmacy services and fuel, while the company provides online ordering, pickup and home delivery.

Albertsons serves customers across multiple regions of the United States, with stores in 34 states and the District of Columbia.