CIBC Asset Management Inc Has $357,000 Position in Albertsons Companies, Inc. (NYSE:ACI)

CIBC Asset Management Inc grew its position in Albertsons Companies, Inc. (NYSE:ACI) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,324 shares of the company’s stock after purchasing an additional 895 shares during the period. CIBC Asset Management Inc’s holdings in Albertsons Companies were worth $357,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ACI. Signaturefd LLC raised its position in shares of Albertsons Companies by 108.4% during the 2nd 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. lifted its position in shares of Albertsons Companies by 2,948.4% in the second quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock valued at $62,000 after buying an additional 2,801 shares during the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of Albertsons Companies by 133.3% in the first quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock valued at $105,000 after purchasing an additional 2,800 shares during the last quarter. Intact Investment Management Inc. bought a new position in Albertsons Companies in the 2nd quarter valued at about $126,000. Finally, Acadian Asset Management LLC acquired a new position in Albertsons Companies in the 2nd quarter valued at $150,000. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Trading Down 0.3 %

NYSE ACI opened at $19.06 on Friday. The stock’s fifty day moving average price is $18.66 and its 200-day moving average price is $19.54. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.58. The stock has a market cap of $11.04 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.13 and a beta of 0.49. Albertsons Companies, Inc. has a 12 month low of $17.80 and a 12 month high of $23.47.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.47 billion. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. Albertsons Companies’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. As a group, equities analysts forecast that Albertsons Companies, Inc. will post 2.13 EPS 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 $0.12 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.52%. Albertsons Companies’s payout ratio is currently 28.07%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wells Fargo & Company reiterated a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Melius 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 note on Monday, October 21st. BMO Capital Markets decreased their price objective on shares of 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. Melius Research upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, October 21st. Finally, Telsey Advisory Group restated a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a report on Friday, October 11th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.