ING Groep NV Has $8.02 Million Holdings in Albertsons Companies, Inc. (NYSE:ACI)

ING Groep NV decreased its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 58.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 433,900 shares of the company’s stock after selling 620,800 shares during the quarter. ING Groep NV’s holdings in Albertsons Companies were worth $8,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Lubert Adler Management Company LP grew 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. Tidal Investments LLC boosted its holdings in Albertsons Companies by 109.7% during the first quarter. Tidal Investments LLC now owns 57,054 shares of the company’s stock worth $1,223,000 after buying an additional 29,849 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Albertsons Companies by 40.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 189,083 shares of the company’s stock worth $4,054,000 after buying an additional 54,130 shares during the period. Swedbank AB grew its position in shares of Albertsons Companies by 166.2% during the 2nd quarter. Swedbank AB now owns 214,192 shares of the company’s stock worth $4,230,000 after buying an additional 133,715 shares during the period. Finally, Versor Investments LP increased its stake in shares of Albertsons Companies by 24.1% in the 3rd quarter. Versor Investments LP now owns 166,202 shares of the company’s stock valued at $3,071,000 after acquiring an additional 32,305 shares during the last quarter. 71.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ACI shares. BMO Capital Markets reduced their price objective on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 16th. Melius raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, October 21st. Telsey Advisory Group restated a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a research report on Friday, October 11th. Melius Research raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, October 21st. Finally, Tigress Financial reissued a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Albertsons Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.58.

Albertsons Companies Stock Performance

Shares of Albertsons Companies stock opened at $18.88 on Friday. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 1.12 and a beta of 0.49. The stock’s 50-day moving average is $18.60 and its 200-day moving average is $19.58. Albertsons Companies, Inc. has a one year low of $17.80 and a one year high of $23.47.

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

Albertsons Companies Dividend Announcement

The business 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. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.48 annualized dividend and a yield of 2.54%. Albertsons Companies’s payout ratio is presently 28.07%.

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.