Albertsons Companies, Inc. (NYSE:ACI) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 670,722 shares of the company’s stock after purchasing an additional 36,154 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.12% of Albertsons Companies worth $12,395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Private Advisor Group LLC boosted its stake in shares of Albertsons Companies by 4.4% in the 3rd quarter. Private Advisor Group LLC now owns 13,010 shares of the company’s stock valued at $240,000 after buying an additional 544 shares during the period. Verus Capital Partners LLC lifted its stake in Albertsons Companies by 3.6% in 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 last quarter. AQR Capital Management LLC increased its holdings in shares of Albertsons Companies by 1.6% in the second quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock valued at $1,198,000 after purchasing an additional 933 shares during the period. 1832 Asset Management L.P. increased its holdings in shares of 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 purchasing an additional 1,121 shares during the period. Finally, MRP Capital Investments LLC increased its holdings in shares of Albertsons Companies by 2.7% in the second quarter. MRP Capital Investments LLC now owns 45,055 shares of the company’s stock valued at $890,000 after purchasing an additional 1,185 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Price Performance

ACI stock opened at $18.88 on Monday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.22 and a current ratio of 0.90. Albertsons Companies, Inc. has a 1 year low of $17.80 and a 1 year high of $23.47. The firm has a market cap of $10.94 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.11 and a beta of 0.49. The stock has a 50-day simple moving average of $18.60 and a 200-day simple moving average of $19.57.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share (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 business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts predict that Albertsons Companies, Inc. will post 2.13 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.54%. Albertsons Companies’s dividend payout ratio (DPR) is presently 28.07%.

Analyst Ratings Changes

ACI has been the topic of several research reports. Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a report on Friday, October 18th. Melius Research upgraded 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. Melius upgraded 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. Tigress Financial restated a “buy” rating and issued a $27.00 price objective on shares of Albertsons Companies in a research report on Monday, October 21st. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a research report on Friday, October 11th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, 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.