Albertsons Companies, Inc. (NYSE:ACI) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Albertsons Companies, Inc. (NYSE:ACI) by 5.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,159,736 shares of the company’s stock after buying an additional 115,030 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.37% of Albertsons Companies worth $39,912,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC grew its position in Albertsons Companies by 4.4% in the third quarter. Private Advisor Group LLC now owns 13,010 shares of the company’s stock valued at $240,000 after acquiring an additional 544 shares in the last quarter. Verus Capital Partners LLC grew its holdings in Albertsons Companies by 3.6% during the 2nd quarter. Verus Capital Partners LLC now owns 16,288 shares of the company’s stock valued at $322,000 after purchasing an additional 565 shares in the last quarter. CIBC Asset Management Inc increased its stake in Albertsons Companies by 4.9% during the 3rd quarter. CIBC Asset Management Inc now owns 19,324 shares of the company’s stock worth $357,000 after buying an additional 895 shares during the period. AQR Capital Management LLC lifted its holdings in Albertsons Companies by 1.6% in the 2nd quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock worth $1,198,000 after buying an additional 933 shares in the last quarter. Finally, MRP Capital Investments LLC grew its stake in shares of Albertsons Companies by 2.7% during the second quarter. MRP Capital Investments LLC now owns 45,055 shares of the company’s stock valued at $890,000 after acquiring an additional 1,185 shares in the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on ACI. Tigress Financial reiterated a “buy” rating and issued a $27.00 price target on shares of Albertsons Companies in a research note on Monday, October 21st. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Melius upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, October 21st. Melius Research raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, October 21st. Finally, BMO Capital Markets decreased their price objective on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.25.

Albertsons Companies Trading Down 0.6 %

Albertsons Companies stock opened at $19.33 on Wednesday. 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’s 50-day moving average is $18.78 and its 200-day moving average is $19.47. The company has a market cap of $11.20 billion, a P/E ratio of 11.30, a PEG ratio of 1.14 and a beta of 0.51.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company 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 quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, equities analysts expect that Albertsons Companies, Inc. will post 2.13 earnings per share for the current year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Monday, October 28th. Albertsons Companies’s dividend payout ratio (DPR) is 28.07%.

Albertsons Companies Company 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.