Xponance Inc. bought a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,941 shares of the company’s stock, valued at approximately $413,000.
Several other large investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its stake in shares of Albertsons Companies by 3.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 49,365 shares of the company’s stock valued at $1,077,000 after acquiring an additional 1,853 shares in the last quarter. Gradient Investments LLC bought a new position in shares of Albertsons Companies during the second quarter worth about $43,000. Maryland State Retirement & Pension System lifted its position in shares of Albertsons Companies by 78.7% during the second quarter. Maryland State Retirement & Pension System now owns 32,921 shares of the company’s stock worth $718,000 after purchasing an additional 14,494 shares during the last quarter. AE Wealth Management LLC bought a new position in shares of Albertsons Companies during the second quarter worth about $3,712,000. Finally, DNB Asset Management AS bought a new position in shares of Albertsons Companies during the second quarter worth about $814,000. 68.64% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a research report on Wednesday, July 26th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.03.
Albertsons Companies Stock Performance
Shares of NYSE ACI opened at $22.62 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 0.78 and a debt-to-equity ratio of 3.91. The firm’s 50-day moving average price is $22.43 and its two-hundred day moving average price is $21.45. Albertsons Companies, Inc. has a 52-week low of $19.14 and a 52-week high of $29.19. The stock has a market capitalization of $13.02 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.05 and a beta of 0.55.
Albertsons Companies (NYSE:ACI – Get Free Report) last issued its earnings results on Tuesday, July 25th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. Albertsons Companies had a net margin of 1.85% and a return on equity of 82.79%. The firm had revenue of $24.05 billion for the quarter, compared to analysts’ expectations of $23.89 billion. As a group, sell-side analysts forecast that Albertsons Companies, Inc. will post 2.71 earnings per share for the current year.
Albertsons Companies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Wednesday, July 26th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, July 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.12%. Albertsons Companies’s dividend payout ratio (DPR) is presently 23.41%.
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.
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