113,194 Shares in Albertsons Companies, Inc. $ACI Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP acquired a new position in Albertsons Companies, Inc. (NYSE:ACI) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 113,194 shares of the company’s stock, valued at approximately $1,318,000.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Albertsons Companies by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 15,013,525 shares of the company’s stock valued at $255,855,000 after purchasing an additional 1,583,741 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Albertsons Companies by 9.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,179,432 shares of the company’s stock worth $88,258,000 after purchasing an additional 430,101 shares in the last quarter. E. Ohman J or Asset Management AB boosted its position in shares of Albertsons Companies by 14.0% during the second quarter. E. Ohman J or Asset Management AB now owns 2,321,294 shares of the company’s stock worth $31,407,000 after buying an additional 285,280 shares during the period. Squarepoint Ops LLC boosted its position in shares of Albertsons Companies by 53.4% during the second quarter. Squarepoint Ops LLC now owns 2,209,622 shares of the company’s stock worth $29,896,000 after buying an additional 769,503 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Albertsons Companies by 43.8% during the first quarter. Bank of America Corp DE now owns 1,899,233 shares of the company’s stock worth $32,363,000 after buying an additional 578,401 shares during the period. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ACI. BMO Capital Markets cut Albertsons Companies from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $23.00 to $12.00 in a report on Friday, July 24th. Zacks Research upgraded shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Wells Fargo & Company increased their price target on shares of Albertsons Companies from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 14th. UBS Group reissued a “neutral” rating on shares of Albertsons Companies in a research note on Wednesday, October 14th. Finally, Royal Bank Of Canada lifted their price objective on shares of Albertsons Companies from $13.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $13.42.

Albertsons Companies Price Performance

Shares of NYSE ACI opened at $13.05 on Thursday. The stock has a market cap of $6.14 billion, a P/E ratio of -118.65, a P/E/G ratio of 2.25 and a beta of 0.38. Albertsons Companies, Inc. has a twelve month low of $10.86 and a twelve month high of $18.83. The stock has a 50 day moving average of $12.61 and a two-hundred day moving average of $14.80. The company has a current ratio of 0.82, a quick ratio of 0.21 and a debt-to-equity ratio of 5.89.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Tuesday, October 13th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $18.89 billion for the quarter, compared to analyst estimates of $18.87 billion. Albertsons Companies had a negative net margin of 0.06% and a positive return on equity of 52.17%. Albertsons Companies’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. On average, research analysts forecast that Albertsons Companies, Inc. will post 1.65 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 6th. Investors of record on Friday, October 23rd were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Friday, October 23rd. Albertsons Companies’s dividend payout ratio (DPR) is -618.18%.

About Albertsons Companies

Albertsons Companies, Inc. is a U.S. food and drug retailer headquartered in Boise, Idaho. Founded by Joe Albertson in 1939, the company operates grocery stores under banners including Albertsons, Safeway, Vons, Jewel-Osco, Acme, Shaw’s and Tom Thumb. Its stores sell groceries, fresh produce, meat, bakery and deli items, household products and other everyday goods. Many locations also offer pharmacy services and fuel, while the company provides online ordering, pickup and home delivery. Albertsons serves customers across multiple regions of the United States, with stores in 34 states and the District of Columbia.