18,900 Shares in Albertsons Companies, Inc. (NYSE:ACI) Purchased by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC acquired a new position in shares of Albertsons Companies, Inc. (NYSE:ACI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,900 shares of the company’s stock, valued at approximately $371,000.

Several other large investors have also recently added to or reduced their stakes in ACI. Cinctive Capital Management LP bought a new stake in Albertsons Companies during the 4th quarter worth approximately $3,921,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Albertsons Companies by 21.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,465,449 shares of the company’s stock worth $146,621,000 after purchasing an additional 1,294,848 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Albertsons Companies by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 9,491,772 shares of the company’s stock valued at $186,211,000 after buying an additional 428,506 shares in the last quarter. National Wealth Management Group LLC bought a new position in shares of Albertsons Companies in the fourth quarter valued at about $207,000. Finally, National Bank of Canada FI lifted its position in Albertsons Companies by 6,703.5% during the 4th quarter. National Bank of Canada FI now owns 198,391 shares of the company’s stock worth $3,896,000 after buying an additional 195,475 shares in the last quarter. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Trading Down 4.2 %

Shares of NYSE ACI opened at $21.95 on Friday. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 1.92 and a beta of 0.47. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The company’s fifty day moving average is $20.99 and its 200-day moving average is $19.76.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The firm had revenue of $18.77 billion during the quarter, compared to analysts’ expectations of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 earnings per share. Equities research analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Friday, January 24th. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.12. Albertsons Companies’s dividend payout ratio is 33.71%.

Analyst Ratings Changes

ACI has been the subject of a number of research analyst reports. Citigroup began coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They issued a “buy” rating and a $26.00 target price for the company. Morgan Stanley dropped their price objective on shares of Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. UBS Group decreased their price objective on Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $26.00 price target on shares of Albertsons Companies in a research note on Tuesday, February 4th. Finally, Bank of America began coverage on Albertsons Companies in a research report on Friday, December 13th. They issued a “neutral” rating and a $22.00 price objective for the company. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

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.