Landscape Capital Management L.L.C. Sells 4,167 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Landscape Capital Management L.L.C. cut its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 4.0% during the third quarter, Holdings Channel.com reports. The fund owned 99,407 shares of the company’s stock after selling 4,167 shares during the period. Landscape Capital Management L.L.C.’s holdings in Albertsons Companies were worth $1,837,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ACI. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Albertsons Companies by 5.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 670,722 shares of the company’s stock valued at $12,395,000 after acquiring an additional 36,154 shares during the last quarter. Lubert Adler Management Company LP grew its stake in Albertsons Companies by 47.1% in the second quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock valued at $52,629,000 after acquiring an additional 852,857 shares during the period. Tidal Investments LLC increased its holdings in shares of Albertsons Companies by 109.7% in the first quarter. Tidal Investments LLC now owns 57,054 shares of the company’s stock worth $1,223,000 after acquiring an additional 29,849 shares in the last quarter. Versor Investments LP raised its position in shares of Albertsons Companies by 24.1% during the third quarter. Versor Investments LP now owns 166,202 shares of the company’s stock worth $3,071,000 after purchasing an additional 32,305 shares during the period. Finally, Swedbank AB lifted its holdings in shares of Albertsons Companies by 166.2% during the 2nd quarter. Swedbank AB now owns 214,192 shares of the company’s stock valued at $4,230,000 after purchasing an additional 133,715 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Albertsons Companies Stock Performance

NYSE ACI opened at $19.06 on Friday. The firm’s 50 day simple moving average is $18.66 and its 200 day simple moving average is $19.54. Albertsons Companies, Inc. has a 1 year low of $17.80 and a 1 year high of $23.47. 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 firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 1.13 and a beta of 0.49.

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

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders 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 annualized dividend and a dividend yield of 2.52%. Albertsons Companies’s dividend payout ratio is currently 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.