TD Asset Management Inc Lowers Holdings in Albertsons Companies, Inc. (NYSE:ACI)

TD Asset Management Inc trimmed its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 20.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,100 shares of the company’s stock after selling 6,100 shares during the quarter. TD Asset Management Inc’s holdings in Albertsons Companies were worth $456,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in shares of Albertsons Companies during the 1st quarter worth about $41,000. Signaturefd LLC boosted its stake in shares of Albertsons Companies by 108.4% during the 2nd quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock worth $47,000 after acquiring an additional 1,230 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Albertsons Companies during the 4th quarter worth about $62,000. Blue Trust Inc. raised its position in shares of Albertsons Companies by 2,948.4% during the 2nd quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock worth $62,000 after purchasing an additional 2,801 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its position in shares of Albertsons Companies by 133.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock worth $105,000 after purchasing an additional 2,800 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Albertsons Companies currently has an average rating of “Moderate Buy” and a consensus price target of $24.45.

Albertsons Companies Stock Up 0.3 %

ACI opened at $19.06 on Monday. The company has a market cap of $11.04 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 1.02 and a beta of 0.49. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67. Albertsons Companies, Inc. has a twelve month low of $17.80 and a twelve month high of $23.77. The company has a 50-day moving average price of $19.77 and a 200 day moving average price of $20.23.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $24.27 billion during the quarter, compared to analyst estimates of $24.16 billion. Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 EPS. Sell-side analysts expect that Albertsons Companies, Inc. will post 2.26 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.52%. Albertsons Companies’s payout ratio is 21.52%.

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.