Amalgamated Bank Sells 51,354 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Amalgamated Bank lowered its stake in Albertsons Companies, Inc. (NYSE:ACI) by 69.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 22,212 shares of the company’s stock after selling 51,354 shares during the quarter. Amalgamated Bank’s holdings in Albertsons Companies were worth $410,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in Albertsons Companies by 108.4% during the 2nd quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock valued at $47,000 after buying an additional 1,230 shares during the last quarter. Blue Trust Inc. increased its position in shares of Albertsons Companies by 2,948.4% in the second quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock valued at $62,000 after acquiring an additional 2,801 shares during the period. UniSuper Management Pty Ltd raised its stake in shares of Albertsons Companies by 133.3% during the first quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock valued at $105,000 after acquiring an additional 2,800 shares during the last quarter. Intact Investment Management Inc. bought a new position in shares of Albertsons Companies during the second quarter valued at about $126,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Albertsons Companies in the second quarter worth about $150,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Trading Down 1.2 %

NYSE:ACI opened at $18.88 on Friday. The company has a market cap of $10.94 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.12 and a beta of 0.49. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.58. The company has a 50 day simple moving average of $18.60 and a two-hundred day simple moving average of $19.58. Albertsons Companies, Inc. has a 12 month low of $17.80 and a 12 month high of $23.47.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.47 billion. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. Albertsons Companies’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Research analysts forecast that Albertsons Companies, Inc. will post 2.13 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.54%. Albertsons Companies’s dividend payout ratio is currently 28.07%.

Wall Street Analysts Forecast Growth

ACI has been the topic of several research analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a research note on Friday, October 11th. Tigress Financial reissued a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a research report on Monday, October 21st. Melius raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, October 21st. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Finally, Melius Research upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average 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.