Dynamic Technology Lab Private Ltd Grows Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Dynamic Technology Lab Private Ltd grew its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 6.6% during the third quarter, HoldingsChannel.com reports. The fund owned 262,757 shares of the company’s stock after purchasing an additional 16,324 shares during the quarter. Albertsons Companies makes up about 0.5% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 12th biggest holding. Dynamic Technology Lab Private Ltd’s holdings in Albertsons Companies were worth $4,856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ACI. Massachusetts Financial Services Co. MA boosted its holdings in Albertsons Companies by 25.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock worth $114,033,000 after acquiring an additional 1,239,978 shares during the period. Bank of New York Mellon Corp lifted its holdings in 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 buying an additional 956,744 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Albertsons Companies by 25.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,624,692 shares of the company’s stock valued at $91,337,000 after buying an additional 924,519 shares during the last quarter. Lubert Adler Management Company LP grew its stake in shares of Albertsons Companies by 47.1% during the second quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock valued at $52,629,000 after acquiring an additional 852,857 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Albertsons Companies by 546.6% during the second quarter. Canada Pension Plan Investment Board now owns 954,400 shares of the company’s stock worth $18,849,000 after acquiring an additional 806,800 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. BMO Capital Markets cut their price target 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 on the stock in a report on Monday, October 21st. Wells Fargo & Company reiterated a “market perform” rating on shares of Albertsons Companies in a report on Friday, October 18th. Tigress Financial restated a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a research note on Monday, October 21st. Finally, 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. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.58.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $19.37 on Monday. 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 firm’s 50 day moving average is $18.67 and its two-hundred day moving average is $19.52. The firm has a market capitalization of $11.22 billion, a P/E ratio of 11.33, a PEG ratio of 1.12 and a beta of 0.49. Albertsons Companies, Inc. has a 52 week low of $17.80 and a 52 week high of $23.47.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $18.55 billion during 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%. Albertsons Companies’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. Analysts anticipate that Albertsons Companies, Inc. will post 2.13 earnings per share for the current year.

Albertsons Companies Dividend Announcement

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

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.