IFP Advisors Inc lessened its holdings in Albertsons Companies, Inc. (NYSE:ACI – Free Report) by 14.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,966 shares of the company’s stock after selling 3,311 shares during the period. IFP Advisors Inc’s holdings in Albertsons Companies were worth $429,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in ACI. AQR Capital Management LLC lifted its stake in shares of Albertsons Companies by 1,601.1% in the 1st quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company’s stock worth $103,807,000 after purchasing an additional 4,451,250 shares during the period. Voya Investment Management LLC lifted its stake in shares of Albertsons Companies by 6,541.5% in the 1st quarter. Voya Investment Management LLC now owns 3,723,616 shares of the company’s stock worth $81,882,000 after purchasing an additional 3,667,550 shares during the period. LSV Asset Management lifted its stake in shares of Albertsons Companies by 52.9% in the 1st quarter. LSV Asset Management now owns 7,873,039 shares of the company’s stock worth $173,128,000 after purchasing an additional 2,724,576 shares during the period. Apollo Management Holdings L.P. lifted its stake in shares of Albertsons Companies by 174.1% in the 1st quarter. Apollo Management Holdings L.P. now owns 2,930,000 shares of the company’s stock worth $64,431,000 after purchasing an additional 1,861,000 shares during the period. Finally, Amundi lifted its stake in shares of Albertsons Companies by 118.8% in the 1st quarter. Amundi now owns 3,227,851 shares of the company’s stock worth $73,164,000 after purchasing an additional 1,752,393 shares during the period. Institutional investors own 71.35% of the company’s stock.
Albertsons Companies Trading Up 13.5%
Shares of ACI opened at $19.24 on Wednesday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. Albertsons Companies, Inc. has a 1 year low of $16.70 and a 1 year high of $23.20. The company has a 50 day simple moving average of $18.57 and a two-hundred day simple moving average of $20.47. The firm has a market cap of $10.77 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 1.73 and a beta of 0.49.
Albertsons Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.1%. Albertsons Companies’s dividend payout ratio (DPR) is 36.59%.
Wall Street Analyst Weigh In
ACI has been the topic of a number of recent analyst reports. UBS Group upgraded shares of Albertsons Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Telsey Advisory Group restated an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a research note on Thursday, October 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Albertsons Companies in a research note on Wednesday, October 8th. Wells Fargo & Company decreased their target price on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Finally, Barclays initiated coverage on shares of Albertsons Companies in a research note on Monday, July 21st. They set an “underweight” rating and a $19.00 target price on the stock. Twelve research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.63.
View Our Latest Stock Report on Albertsons Companies
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.
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