Kendall Capital Management Lowers Position in Albertsons Companies, Inc. (NYSE:ACI)

Kendall Capital Management lessened its stake in Albertsons Companies, Inc. (NYSE:ACI) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,395 shares of the company’s stock after selling 700 shares during the period. Kendall Capital Management’s holdings in Albertsons Companies were worth $1,114,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Albertsons Companies by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 33,160,009 shares of the company’s stock worth $710,951,000 after purchasing an additional 335,783 shares in the last quarter. LSV Asset Management raised its stake in shares of Albertsons Companies by 1.7% during the 1st quarter. LSV Asset Management now owns 5,078,407 shares of the company’s stock worth $108,881,000 after buying an additional 85,707 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Albertsons Companies by 25.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,624,692 shares of the company’s stock worth $91,337,000 after buying an additional 924,519 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Albertsons Companies by 38.7% during 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 during the period. Finally, Balyasny Asset Management L.P. raised its stake in Albertsons Companies by 25.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,773,261 shares of the company’s stock valued at $63,785,000 after purchasing an additional 569,770 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Analyst Ratings Changes

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

Albertsons Companies Stock Performance

NYSE ACI opened at $18.52 on Thursday. The stock has a market cap of $10.72 billion, a PE ratio of 8.30, a P/E/G ratio of 1.02 and a beta of 0.49. The company has a current ratio of 0.88, a quick ratio of 0.21 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 $23.53. The stock has a fifty day simple moving average of $19.74 and a 200-day simple moving average of $20.21.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $24.27 billion for the quarter, compared to analysts’ expectations of $24.16 billion. Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 earnings per share. Equities analysts anticipate that Albertsons Companies, Inc. will post 2.26 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors 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 yield of 2.59%. The ex-dividend date was Friday, July 26th. Albertsons Companies’s dividend payout ratio (DPR) is 21.52%.

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.