Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its stake in Albertsons Companies, Inc. (NYSE:ACI) by 12.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 499,237 shares of the company’s stock after selling 70,101 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.09% of Albertsons Companies worth $9,226,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC grew its position in Albertsons Companies by 4.4% during the third quarter. Private Advisor Group LLC now owns 13,010 shares of the company’s stock valued at $240,000 after acquiring an additional 544 shares during the period. Verus Capital Partners LLC increased its position in Albertsons Companies by 3.6% during the 2nd quarter. Verus Capital Partners LLC now owns 16,288 shares of the company’s stock worth $322,000 after purchasing an additional 565 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Albertsons Companies by 4.9% in the third quarter. CIBC Asset Management Inc now owns 19,324 shares of the company’s stock valued at $357,000 after buying an additional 895 shares during the period. AQR Capital Management LLC lifted its position in Albertsons Companies by 1.6% during the second quarter. AQR Capital Management LLC now owns 60,655 shares of the company’s stock valued at $1,198,000 after buying an additional 933 shares in the last quarter. Finally, MRP Capital Investments LLC grew its stake in Albertsons Companies by 2.7% during the second quarter. MRP Capital Investments LLC now owns 45,055 shares of the company’s stock worth $890,000 after buying an additional 1,185 shares during the period. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Trading Down 0.6 %

ACI opened at $19.33 on Wednesday. The stock has a market capitalization of $11.20 billion, a PE ratio of 11.30, a P/E/G ratio of 1.14 and a beta of 0.51. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22. Albertsons Companies, Inc. has a 12-month low of $17.80 and a 12-month high of $23.47. The firm’s fifty day moving average price is $18.78 and its 200 day moving average price is $19.47.

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

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were issued a $0.12 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.48%. Albertsons Companies’s dividend payout ratio is currently 28.07%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ACI. BMO Capital Markets reduced their target price on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a report on Wednesday, October 16th. Melius Research raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, October 21st. Evercore ISI raised their target price on Albertsons Companies from $18.00 to $19.00 and gave the company an “in-line” rating in a report on Tuesday. Melius upgraded 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. Finally, Tigress Financial reiterated a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a research note on Monday, October 21st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Albertsons Companies presently has a consensus rating of “Moderate Buy” and an average target price of $23.25.

About Albertsons Companies

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.