Integrated Investment Consultants LLC Sells 1,506 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Integrated Investment Consultants LLC trimmed its stake in Albertsons Companies, Inc. (NYSE:ACI) by 8.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,596 shares of the company’s stock after selling 1,506 shares during the period. Integrated Investment Consultants LLC’s holdings in Albertsons Companies were worth $306,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in Albertsons Companies by 88.1% in the 3rd quarter. FMR LLC now owns 16,841,582 shares of the company’s stock worth $311,232,000 after buying an additional 7,887,688 shares during the period. Parsifal Capital Management LP increased its position in Albertsons Companies by 22.8% in the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock worth $157,946,000 after buying an additional 1,585,899 shares during the period. Massachusetts Financial Services Co. MA increased its position in Albertsons Companies by 25.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock worth $114,033,000 after buying an additional 1,239,978 shares during the period. Trium Capital LLP bought a new position in Albertsons Companies in the 4th quarter worth approximately $23,678,000. Finally, Anson Funds Management LP increased its position in Albertsons Companies by 973.0% in the 3rd quarter. Anson Funds Management LP now owns 1,190,165 shares of the company’s stock worth $21,994,000 after buying an additional 1,079,246 shares during the period. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Stock Down 2.9 %

ACI stock opened at $19.62 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.22. The stock has a market capitalization of $11.36 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.16 and a beta of 0.51. The business has a 50-day moving average of $19.50 and a 200-day moving average of $19.33. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $22.03.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.07. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The company had revenue of $18.77 billion during the quarter, compared to analysts’ expectations of $18.82 billion. During the same period in the prior year, the firm earned $0.79 earnings per share. Albertsons Companies’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Albertsons Companies, Inc. will post 2.16 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, January 24th. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 3.06%. Albertsons Companies’s dividend payout ratio is 26.97%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Tigress Financial restated a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a research report on Monday, October 21st. BMO Capital Markets lowered their price objective on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 16th. Evercore ISI boosted their price objective on Albertsons Companies from $18.00 to $19.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company restated a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.75.

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.