Albertsons Companies, Inc. (NYSE:ACI) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Albertsons Companies, Inc. (NYSE:ACI) by 21.1% during the third quarter, Holdings Channel reports. The firm owned 270,177 shares of the company’s stock after purchasing an additional 47,044 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Albertsons Companies were worth $4,993,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ACI. Signaturefd LLC boosted its holdings in Albertsons Companies by 108.4% in the second quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock valued at $47,000 after acquiring an additional 1,230 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Albertsons Companies by 2,948.4% in the 2nd quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock worth $62,000 after purchasing an additional 2,801 shares during the period. Intact Investment Management Inc. purchased a new stake in shares of Albertsons Companies during the 2nd quarter worth about $126,000. Acadian Asset Management LLC purchased a new stake in shares of Albertsons Companies during the 2nd quarter worth about $150,000. Finally, Headlands Technologies LLC grew its holdings in shares of Albertsons Companies by 2,243.9% during the 2nd quarter. Headlands Technologies LLC now owns 8,977 shares of the company’s stock worth $177,000 after purchasing an additional 8,594 shares during the period. 71.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ACI shares. BMO Capital Markets reduced their price target on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 16th. Melius Research raised shares of 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. Tigress Financial reiterated 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 report on Friday, October 18th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.58.

Albertsons Companies Stock Performance

NYSE:ACI opened at $19.45 on Tuesday. Albertsons Companies, Inc. has a 1-year low of $17.80 and a 1-year high of $23.47. The stock has a market cap of $11.27 billion, a P/E ratio of 11.37, a PEG ratio of 1.16 and a beta of 0.49. 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 50-day moving average of $18.76 and a two-hundred day moving average of $19.48.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 earnings per share for the quarter, beating 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 firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same quarter last year, the firm earned $0.60 EPS. Albertsons Companies’s quarterly revenue was up 1.4% on a year-over-year basis. On average, 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 declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.48 annualized dividend and a yield of 2.47%. Albertsons Companies’s dividend 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.