DekaBank Deutsche Girozentrale Decreases Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

DekaBank Deutsche Girozentrale trimmed its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,217,131 shares of the company’s stock after selling 10,752 shares during the period. DekaBank Deutsche Girozentrale owned about 0.21% of Albertsons Companies worth $22,273,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC raised its position in Albertsons Companies by 4.4% during the 3rd quarter. Private Advisor Group LLC now owns 13,010 shares of the company’s stock valued at $240,000 after purchasing an additional 544 shares during the last quarter. Verus Capital Partners LLC increased its stake in shares of Albertsons Companies by 3.6% during the second quarter. Verus Capital Partners LLC now owns 16,288 shares of the company’s stock valued at $322,000 after buying an additional 565 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Albertsons Companies by 1.7% during the first quarter. Oppenheimer & Co. Inc. now owns 51,025 shares of the company’s stock valued at $1,094,000 after acquiring an additional 864 shares in the last quarter. AQR Capital Management LLC lifted its stake in Albertsons Companies by 1.6% in the second quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock worth $1,198,000 after acquiring an additional 933 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in Albertsons Companies by 2.2% in the first quarter. 1832 Asset Management L.P. now owns 50,991 shares of the company’s stock valued at $1,093,000 after acquiring an additional 1,121 shares in the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ACI has been the subject of several research reports. Tigress Financial restated a “buy” rating and issued a $27.00 price objective on shares of Albertsons Companies in a report on Monday, October 21st. Melius Research 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. 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 report on Monday, October 21st. Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a research report on Friday, October 11th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.58.

Albertsons Companies Stock Down 0.4 %

ACI stock opened at $18.34 on Tuesday. The business has a 50 day moving average of $18.93 and a 200 day moving average of $19.72. The firm has a market cap of $10.62 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 1.02 and a beta of 0.48. Albertsons Companies, Inc. has a twelve month low of $17.80 and a twelve month high of $23.47. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. Albertsons Companies’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, research analysts forecast that Albertsons Companies, Inc. will post 2.25 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, October 28th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Monday, October 28th. Albertsons Companies’s payout ratio is 21.52%.

Albertsons Companies 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.