Brinker Capital Investments LLC Acquires Shares of 42,160 Albertsons Companies, Inc. (NYSE:ACI)

Brinker Capital Investments LLC acquired a new stake in Albertsons Companies, Inc. (NYSE:ACIGet Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 42,160 shares of the company’s stock, valued at approximately $1,048,000.

Other institutional investors also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can purchased a new stake in shares of Albertsons Companies during the 3rd quarter worth approximately $28,000. Ronald Blue Trust Inc. boosted its stake in shares of Albertsons Companies by 349.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,309 shares of the company’s stock worth $35,000 after acquiring an additional 1,018 shares in the last quarter. Rosenberg Matthew Hamilton boosted its stake in shares of Albertsons Companies by 265.4% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,933 shares of the company’s stock worth $53,000 after acquiring an additional 1,404 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Albertsons Companies during the 1st quarter worth approximately $108,000. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Albertsons Companies by 4,714.9% during the 2nd quarter. Loomis Sayles & Co. L P now owns 4,863 shares of the company’s stock worth $130,000 after acquiring an additional 4,762 shares in the last quarter. Hedge funds and other institutional investors own 65.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ACI. BMO Capital Markets raised Albertsons Companies from an “underperform” rating to a “market perform” rating and decreased their price target for the stock from $24.00 to $21.00 in a research note on Friday, October 21st. Guggenheim lowered Albertsons Companies from a “buy” rating to a “neutral” rating in a research note on Monday, October 17th. Deutsche Bank Aktiengesellschaft upped their target price on Albertsons Companies from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, January 12th. Sanford C. Bernstein began coverage on Albertsons Companies in a research note on Tuesday, December 6th. They issued an “outperform” rating and a $26.00 target price on the stock. Finally, Wells Fargo & Company reduced their target price on Albertsons Companies from $30.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 4th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Albertsons Companies presently has an average rating of “Hold” and a consensus price target of $28.77.

Albertsons Companies Trading Up 0.5 %

Shares of ACI opened at $21.01 on Friday. The stock has a fifty day moving average of $20.92 and a two-hundred day moving average of $24.21. The company has a debt-to-equity ratio of 8.66, a quick ratio of 0.42 and a current ratio of 0.80. The company has a market capitalization of $11.26 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 1.38 and a beta of 0.33. Albertsons Companies, Inc. has a fifty-two week low of $20.05 and a fifty-two week high of $37.99.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Thursday, January 26th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, January 25th. This represents a $0.48 annualized dividend and a yield of 2.28%. Albertsons Companies’s dividend payout ratio (DPR) is presently 19.83%.

About Albertsons Companies

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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.

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

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