Mirae Asset Global Investments Co. Ltd. Has $29,000 Stake in Albertsons Companies, Inc. (NYSE:ACI)

Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 94.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,582 shares of the company’s stock after selling 24,613 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Albertsons Companies were worth $29,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ACI. Geneos Wealth Management Inc. acquired a new position in shares of Albertsons Companies during the 1st quarter valued at about $41,000. Signaturefd LLC increased its holdings in shares of Albertsons Companies by 108.4% during the 2nd quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock valued at $47,000 after acquiring an additional 1,230 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Albertsons Companies by 2,948.4% during the 2nd quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock valued at $62,000 after acquiring an additional 2,801 shares during the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of Albertsons Companies by 133.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock valued at $105,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new position in shares of Albertsons Companies during the 2nd quarter valued at about $126,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $18.54 on Wednesday. Albertsons Companies, Inc. has a 1-year low of $17.80 and a 1-year high of $23.47. The firm has a market capitalization of $10.74 billion, a PE ratio of 10.79, a PEG ratio of 1.09 and a beta of 0.49. The business’s 50 day moving average is $18.69 and its 200-day moving average is $19.64. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.58.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.47 billion. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. Albertsons Companies’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. Sell-side analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Monday, October 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.48 annualized dividend and a dividend yield of 2.59%. Albertsons Companies’s dividend payout ratio (DPR) is presently 28.07%.

Analyst Ratings Changes

A number of analysts have issued reports on ACI shares. Melius Research raised 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. Melius raised 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. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a report on Friday, October 11th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Albertsons Companies in a report on Friday, October 18th. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.