KBC Group NV Has $461,000 Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

KBC Group NV raised its stake in Albertsons Companies, Inc. (NYSE:ACI) by 37.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,949 shares of the company’s stock after buying an additional 6,770 shares during the quarter. KBC Group NV’s holdings in Albertsons Companies were worth $461,000 at the end of the most recent reporting period.

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

Albertsons Companies Stock Performance

Shares of NYSE ACI opened at $19.26 on Wednesday. Albertsons Companies, Inc. has a 12 month low of $17.80 and a 12 month high of $23.47. The stock has a 50 day moving average of $18.65 and a 200-day moving average of $19.55. 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 market capitalization of $11.16 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.11 and a beta of 0.49.

Albertsons Companies (NYSE:ACI) last released 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. The firm had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.47 billion. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. As a group, equities research analysts predict that Albertsons Companies, Inc. will post 2.13 EPS for the current year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.49%. Albertsons Companies’s dividend payout ratio (DPR) is currently 28.07%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports 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. Melius Research raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, October 21st. Melius raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target 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 report on Friday, October 18th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a report on Friday, October 11th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.