Allspring Global Investments Holdings LLC Has $624,000 Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Allspring Global Investments Holdings LLC decreased its stake in Albertsons Companies, Inc. (NYSE:ACIGet Rating) by 41.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,120 shares of the company’s stock after selling 17,541 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Albertsons Companies were worth $624,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. SG Americas Securities LLC raised its position in Albertsons Companies by 317.0% in the 2nd quarter. SG Americas Securities LLC now owns 26,406 shares of the company’s stock valued at $706,000 after purchasing an additional 20,073 shares during the last quarter. Prudential Financial Inc. raised its position in Albertsons Companies by 400.2% in the 2nd quarter. Prudential Financial Inc. now owns 2,059,883 shares of the company’s stock valued at $55,040,000 after purchasing an additional 1,648,088 shares during the last quarter. Natixis bought a new position in Albertsons Companies in the 2nd quarter valued at $1,606,000. Lazard Asset Management LLC raised its position in Albertsons Companies by 1,929.2% in the 2nd quarter. Lazard Asset Management LLC now owns 68,770 shares of the company’s stock valued at $1,837,000 after purchasing an additional 65,381 shares during the last quarter. Finally, Davidson Kempner Capital Management LP raised its position in Albertsons Companies by 303.4% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 1,210,327 shares of the company’s stock valued at $32,340,000 after purchasing an additional 910,327 shares during the last quarter. Institutional investors and hedge funds own 65.58% of the company’s stock.

Albertsons Companies Trading Up 0.1 %

NYSE ACI opened at $21.03 on Tuesday. Albertsons Companies, Inc. has a 12 month low of $20.05 and a 12 month high of $37.99. The company has a current ratio of 0.80, a quick ratio of 0.42 and a debt-to-equity ratio of 8.66. The company has a market capitalization of $11.27 billion, a PE ratio of 8.69, a P/E/G ratio of 1.34 and a beta of 0.33. The stock has a 50-day simple moving average of $20.93 and a 200 day simple moving average of $24.15.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Thursday, January 26th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, January 25th. This represents a $0.48 dividend on an annualized basis and a yield of 2.28%. Albertsons Companies’s payout ratio is 19.83%.

Analyst Ratings Changes

ACI has been the subject of several research analyst reports. Telsey Advisory Group downgraded Albertsons Companies from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $37.00 to $27.25 in a research report on Wednesday, October 19th. TheStreet downgraded Albertsons Companies from a “b-” rating to a “c+” rating in a research report on Monday, November 14th. Wells Fargo & Company dropped their target price on Albertsons Companies from $30.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Albertsons Companies from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Thursday, January 12th. Finally, BMO Capital Markets upgraded Albertsons Companies from an “underperform” rating to a “market perform” rating and dropped their target price for the stock from $24.00 to $21.00 in a research report on Friday, October 21st. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.77.

About Albertsons Companies

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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.

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Institutional Ownership by Quarter for Albertsons Companies (NYSE:ACI)

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