90,281 Shares of Albertsons Companies, Inc. $ACI Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Albertsons Companies, Inc. (NYSE:ACI – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 90,281 shares of the company’s stock, valued at approximately $1,048,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cidel Asset Management Inc. raised its position in shares of Albertsons Companies by 22.9% in the 3rd quarter. Cidel Asset Management Inc. now owns 19,761 shares of the company’s stock valued at $229,000 after acquiring an additional 3,678 shares during the period. BOKF NA grew its holdings in Albertsons Companies by 49.6% during the third quarter. BOKF NA now owns 77,383 shares of the company’s stock valued at $898,000 after purchasing an additional 25,654 shares during the period. Verdence Capital Advisors LLC grew its holdings in Albertsons Companies by 5.5% during the third quarter. Verdence Capital Advisors LLC now owns 155,754 shares of the company’s stock valued at $1,808,000 after purchasing an additional 8,122 shares during the period. Apollon Wealth Management LLC increased its stake in Albertsons Companies by 8.5% in the third quarter. Apollon Wealth Management LLC now owns 13,518 shares of the company’s stock valued at $157,000 after purchasing an additional 1,063 shares in the last quarter. Finally, Citizens Financial Group Inc. RI bought a new stake in Albertsons Companies in the third quarter valued at approximately $186,000. 71.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on ACI. Wells Fargo & Company increased their target price on shares of Albertsons Companies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. Zacks Research raised shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. JPMorgan Chase & Co. cut shares of Albertsons Companies from an “overweight” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research report on Thursday, October 15th. Barclays dropped their price objective on Albertsons Companies from $17.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, July 24th. Finally, BMO Capital Markets downgraded Albertsons Companies from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $23.00 to $12.00 in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Albertsons Companies currently has a consensus rating of “Reduce” and a consensus price target of $13.42.

Read Our Latest Analysis on Albertsons Companies

Albertsons Companies Price Performance

NYSE ACI opened at $12.79 on Monday. The business has a 50 day simple moving average of $12.58 and a 200 day simple moving average of $14.86. Albertsons Companies, Inc. has a 52-week low of $10.86 and a 52-week high of $18.83. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.21 and a current ratio of 0.82. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of -116.32, a PEG ratio of 2.18 and a beta of 0.38.

Albertsons Companies (NYSE:ACI – Get Free Report) last announced its earnings results on Tuesday, October 13th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Albertsons Companies had a negative net margin of 0.06% and a positive return on equity of 52.17%. The firm had revenue of $18.89 billion for the quarter, compared to the consensus estimate of $18.87 billion. During the same period last year, the company posted $0.30 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Analysts anticipate that Albertsons Companies, Inc. will post 1.65 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 6th. Investors of record on Friday, October 23rd were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Friday, October 23rd. Albertsons Companies’s dividend payout ratio (DPR) is presently -618.18%.

Albertsons Companies Profile

(Free Report)

Albertsons Companies, Inc is a U.S. food and drug retailer headquartered in Boise, Idaho. Founded by Joe Albertson in 1939, the company operates grocery stores under banners including Albertsons, Safeway, Vons, Jewel-Osco, Acme, Shaw’s and Tom Thumb.

Its stores sell groceries, fresh produce, meat, bakery and deli items, household products and other everyday goods. Many locations also offer pharmacy services and fuel, while the company provides online ordering, pickup and home delivery.

Albertsons serves customers across multiple regions of the United States, with stores in 34 states and the District of Columbia.

Further Reading

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Institutional Ownership by Quarter for Albertsons Companies (NYSE:ACI)

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