Massachusetts Financial Services Co. MA Has $97.38 Million Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Massachusetts Financial Services Co. MA lessened its stake in Albertsons Companies, Inc. (NYSE:ACI) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,930,623 shares of the company’s stock after selling 50,281 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.85% of Albertsons Companies worth $97,380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new position in Albertsons Companies in the first quarter valued at about $41,000. Signaturefd LLC grew its position in Albertsons Companies by 108.4% in the second 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 last quarter. Principal Securities Inc. bought a new position in Albertsons Companies in the fourth quarter valued at about $62,000. Blue Trust Inc. grew its position in Albertsons Companies by 2,948.4% in the second quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock valued at $62,000 after acquiring an additional 2,801 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its position in Albertsons Companies by 133.3% in the first quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock valued at $105,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a research report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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 P/E ratio of 8.30, a price-to-earnings-growth 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. The stock’s 50-day moving average is $19.74 and its 200-day moving average is $20.21. Albertsons Companies, Inc. has a 1-year low of $17.80 and a 1-year high of $23.53.

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 the consensus estimate of $0.67 by ($0.01). The firm had revenue of $24.27 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. Equities research analysts anticipate that Albertsons Companies, Inc. will post 2.26 earnings per share for the current year.

Albertsons Companies Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Friday, July 26th. Albertsons Companies’s dividend payout ratio (DPR) is currently 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.