Fiera Capital Corp Makes New Investment in Albertsons Companies, Inc. (NYSE:ACI)

Fiera Capital Corp bought a new position in Albertsons Companies, Inc. (NYSE:ACI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 23,623 shares of the company’s stock, valued at approximately $437,000.

A number of other large investors also recently modified their holdings of the stock. Lubert Adler Management Company LP raised its position in Albertsons Companies by 47.1% in the 2nd quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock worth $52,629,000 after purchasing an additional 852,857 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Albertsons Companies by 109.7% during the first quarter. Tidal Investments LLC now owns 57,054 shares of the company’s stock valued at $1,223,000 after acquiring an additional 29,849 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Albertsons Companies by 40.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 189,083 shares of the company’s stock valued at $4,054,000 after acquiring an additional 54,130 shares during the last quarter. Swedbank AB increased its position in Albertsons Companies by 166.2% in the second quarter. Swedbank AB now owns 214,192 shares of the company’s stock worth $4,230,000 after purchasing an additional 133,715 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in Albertsons Companies by 2.2% during the 1st quarter. 1832 Asset Management L.P. now owns 50,991 shares of the company’s stock worth $1,093,000 after purchasing an additional 1,121 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Price Performance

NYSE ACI opened at $19.26 on Monday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.22 and a current ratio of 0.90. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.10 and a beta of 0.49. The business has a 50 day simple moving average of $18.60 and a 200 day simple moving average of $19.61. Albertsons Companies, Inc. has a 52-week low of $17.80 and a 52-week high of $23.47.

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

Albertsons Companies Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.49%. Albertsons Companies’s payout ratio is presently 28.07%.

Wall Street Analysts Forecast Growth

ACI has been the topic of several recent research reports. Tigress Financial reaffirmed a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a research note on Monday, October 21st. Melius raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Monday, October 21st. Melius Research raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, October 21st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a research note on Friday, October 11th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Albertsons Companies in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.58.

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. It also manufactures and processes food products for sale in stores.