Daiwa Securities Group Inc. Has $480,000 Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Daiwa Securities Group Inc. grew its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 5.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,300 shares of the company’s stock after purchasing an additional 1,200 shares during the period. Daiwa Securities Group Inc.’s holdings in Albertsons Companies were worth $480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACI. Verus Capital Partners LLC raised its position in Albertsons Companies by 3.6% during the second quarter. Verus Capital Partners LLC now owns 16,288 shares of the company’s stock worth $322,000 after acquiring an additional 565 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in Albertsons Companies by 1.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 51,025 shares of the company’s stock valued at $1,094,000 after acquiring an additional 864 shares during the period. 1832 Asset Management L.P. raised its holdings in Albertsons Companies by 2.2% in the 1st quarter. 1832 Asset Management L.P. now owns 50,991 shares of the company’s stock valued at $1,093,000 after acquiring an additional 1,121 shares during the period. Symmetry Partners LLC raised its holdings in Albertsons Companies by 11.9% in the 1st quarter. Symmetry Partners LLC now owns 10,835 shares of the company’s stock valued at $232,000 after acquiring an additional 1,149 shares during the period. Finally, Signaturefd LLC raised its holdings in Albertsons Companies by 108.4% in the 2nd quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock valued at $47,000 after acquiring an additional 1,230 shares during the period. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Albertsons Companies Trading Down 1.0 %

ACI opened at $18.86 on Tuesday. Albertsons Companies, Inc. has a 1-year low of $17.80 and a 1-year high of $23.62. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 2.67. The company has a market cap of $10.92 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 1.02 and a beta of 0.49. The company has a fifty day moving average price of $19.76 and a two-hundred day moving average price of $20.22.

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

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Friday, July 26th. Albertsons Companies’s dividend payout ratio is currently 21.52%.

About Albertsons Companies

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.