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

Amalgamated Bank cut its stake in Albertsons Companies, Inc. (NYSE:ACI) by 69.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACI. Vanguard Group Inc. boosted its stake in Albertsons Companies by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 33,160,009 shares of the company’s stock worth $710,951,000 after purchasing an additional 335,783 shares during the period. Marshall Wace LLP boosted its position in shares of Albertsons Companies by 8.0% in the second quarter. Marshall Wace LLP now owns 4,923,324 shares of the company’s stock valued at $97,236,000 after acquiring an additional 362,813 shares during the period. Dimensional Fund Advisors LP grew its stake in Albertsons Companies by 25.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,624,692 shares of the company’s stock valued at $91,337,000 after acquiring an additional 924,519 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Albertsons Companies by 38.7% during the second quarter. Bank of New York Mellon Corp now owns 3,426,264 shares of the company’s stock valued at $67,669,000 after acquiring an additional 956,744 shares in the last quarter. Finally, Lubert Adler Management Company LP increased its holdings in Albertsons Companies by 47.1% during the 2nd quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock worth $52,629,000 after acquiring an additional 852,857 shares during the period. 71.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Tigress Financial reissued a “buy” rating and issued a $27.00 price target on shares of Albertsons Companies in a report on Monday, October 21st. Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. BMO Capital Markets reduced their target price on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a research report on Wednesday, October 16th. Melius Research raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, October 21st. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a report on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.58.

Albertsons Companies Price Performance

ACI opened at $18.88 on Friday. 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 stock has a market capitalization of $10.94 billion, a P/E ratio of 11.04, a PEG ratio of 1.12 and a beta of 0.49. The stock has a 50-day moving average price of $18.60 and a 200-day moving average price 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 released its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share 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 company had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same quarter in the previous year, the company posted $0.60 EPS. Albertsons Companies’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts predict that Albertsons Companies, Inc. will post 2.13 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

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

Albertsons Companies 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.