Mirae Asset Global Investments Co. Ltd. Sells 24,613 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 94.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,582 shares of the company’s stock after selling 24,613 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Albertsons Companies were worth $29,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ACI. Geneos Wealth Management Inc. bought a new position in Albertsons Companies in the 1st quarter valued at $41,000. Signaturefd LLC raised its position in Albertsons Companies by 108.4% in the 2nd quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock valued at $47,000 after purchasing an additional 1,230 shares during the last quarter. Blue Trust Inc. raised its position in Albertsons Companies by 2,948.4% in the 2nd quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock valued at $62,000 after purchasing an additional 2,801 shares during the last quarter. UniSuper Management Pty Ltd raised its position in Albertsons Companies by 133.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock valued at $105,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new position in Albertsons Companies in the 2nd quarter valued at $126,000. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Up 0.5 %

Shares of Albertsons Companies stock opened at $18.54 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58. Albertsons Companies, Inc. has a 12 month low of $17.80 and a 12 month high of $23.47. The business has a fifty day simple moving average of $18.69 and a 200 day simple moving average of $19.64. The stock has a market cap of $10.74 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.09 and a beta of 0.49.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The business had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.47 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. Research analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Monday, October 28th will be paid a $0.12 dividend. The ex-dividend date is Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.59%. Albertsons Companies’s payout ratio is 28.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ACI shares. Melius upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, October 21st. Melius Research raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Monday, October 21st. BMO Capital Markets lowered their target price on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a research note on Wednesday, October 16th. Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a research note on Friday, October 11th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Albertsons Companies currently has a consensus rating of “Moderate Buy” and an average target price of $23.58.

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.