Janney Montgomery Scott LLC Sells 8,882 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Janney Montgomery Scott LLC reduced its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 15.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 49,872 shares of the company’s stock after selling 8,882 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Albertsons Companies were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in ACI. Vanguard Group Inc. increased its stake in Albertsons Companies by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 33,160,009 shares of the company’s stock worth $710,951,000 after acquiring an additional 335,783 shares during the last quarter. Marshall Wace LLP raised its position in shares of Albertsons Companies by 8.0% during the 2nd quarter. Marshall Wace LLP now owns 4,923,324 shares of the company’s stock valued at $97,236,000 after buying an additional 362,813 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Albertsons Companies by 25.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,624,692 shares of the company’s stock worth $91,337,000 after purchasing an additional 924,519 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Albertsons Companies by 38.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,426,264 shares of the company’s stock worth $67,669,000 after purchasing an additional 956,744 shares in the last quarter. Finally, Lubert Adler Management Company LP raised its holdings in shares of Albertsons Companies by 47.1% during the 2nd quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock valued at $52,629,000 after buying an additional 852,857 shares in the last quarter. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Trading Down 1.2 %

NYSE:ACI opened at $18.88 on Friday. The company has a 50-day moving average price of $18.60 and a 200-day moving average price of $19.58. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 1.12 and a beta of 0.49. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.58. Albertsons Companies, Inc. has a 12 month low of $17.80 and a 12 month 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 the consensus estimate of $0.48 by $0.03. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.47 billion. During the same period last year, the business posted $0.60 earnings per share. Albertsons Companies’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts predict that Albertsons Companies, Inc. will post 2.13 EPS for the current year.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Monday, October 28th. Albertsons Companies’s dividend payout ratio (DPR) is presently 28.07%.

Analyst Ratings Changes

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

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.