Ethic Inc. Takes $293,000 Position in Albertsons Companies, Inc. (NYSE:ACI)

Ethic Inc. bought a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI) during the second quarter, Holdings Channel.com reports. The fund bought 14,923 shares of the company’s stock, valued at approximately $293,000.

Other large investors have also bought and sold shares of the company. Man Group plc grew its position in shares of Albertsons Companies by 24.7% during the 1st quarter. Man Group plc now owns 195,415 shares of the company’s stock valued at $3,726,000 after acquiring an additional 38,723 shares during the period. Perigon Wealth Management LLC acquired a new stake in shares of Albertsons Companies during the 1st quarter valued at about $303,000. Hohimer Wealth Management LLC grew its position in shares of Albertsons Companies by 3.2% during the 2nd quarter. Hohimer Wealth Management LLC now owns 281,967 shares of the company’s stock valued at $5,543,000 after acquiring an additional 8,829 shares during the period. Amalgamated Bank acquired a new stake in shares of Albertsons Companies during the 1st quarter valued at about $424,000. Finally, Redwood Investment Management LLC acquired a new stake in shares of Albertsons Companies during the 1st quarter valued at about $2,969,000. Hedge funds and other institutional investors own 58.78% of the company’s stock.

ACI has been the topic of a number of analyst reports. Barclays upgraded Albertsons Companies from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $19.00 to $27.00 in a research report on Wednesday, August 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Albertsons Companies from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, July 19th. Credit Suisse Group raised their price target on shares of Albertsons Companies from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, July 30th. MKM Partners raised their price target on shares of Albertsons Companies from $17.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Tigress Financial lowered shares of Albertsons Companies from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research note on Wednesday, August 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $23.92.

ACI opened at $30.10 on Friday. The company has a debt-to-equity ratio of 4.80, a current ratio of 1.10 and a quick ratio of 0.46. The company’s 50 day simple moving average is $26.40 and its two-hundred day simple moving average is $21.70. Albertsons Companies, Inc. has a 1-year low of $12.91 and a 1-year high of $34.09. The firm has a market capitalization of $14.04 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.12 and a beta of 0.05.

Albertsons Companies (NYSE:ACI) last released its earnings results on Wednesday, July 28th. The company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.21. Albertsons Companies had a net margin of 1.04% and a return on equity of 107.72%. On average, equities analysts anticipate that Albertsons Companies, Inc. will post 2.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 10th. Stockholders of record on Monday, July 26th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, July 23rd. Albertsons Companies’s payout ratio is presently 12.35%.

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. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.

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

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