MRP Capital Investments LLC Has $890,000 Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

MRP Capital Investments LLC boosted its position in Albertsons Companies, Inc. (NYSE:ACI) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,055 shares of the company’s stock after acquiring an additional 1,185 shares during the period. MRP Capital Investments LLC’s holdings in Albertsons Companies were worth $890,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lubert Adler Management Company LP boosted its stake in shares of Albertsons Companies by 47.1% in the 2nd quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock valued at $52,629,000 after purchasing an additional 852,857 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Albertsons Companies by 40.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,404,574 shares of the company’s stock worth $55,305,000 after acquiring an additional 692,188 shares during the period. Tidal Investments LLC grew its holdings in Albertsons Companies by 109.7% during the 1st quarter. Tidal Investments LLC now owns 57,054 shares of the company’s stock worth $1,223,000 after acquiring an additional 29,849 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Albertsons Companies by 40.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 189,083 shares of the company’s stock valued at $4,054,000 after acquiring an additional 54,130 shares during the last quarter. Finally, Swedbank AB lifted its stake in shares of Albertsons Companies by 166.2% in the 2nd quarter. Swedbank AB now owns 214,192 shares of the company’s stock valued at $4,230,000 after purchasing an additional 133,715 shares during the period. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Stock Down 0.1 %

Shares of NYSE:ACI opened at $18.52 on Thursday. The company has a 50 day moving average price of $19.74 and a two-hundred day moving average price of $20.21. The company has a market capitalization of $10.72 billion, a PE ratio of 8.30, a PEG ratio of 1.02 and a beta of 0.49. Albertsons Companies, Inc. has a 52 week low of $17.80 and a 52 week high of $23.53. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.21 and a current ratio of 0.88.

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 firm 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%. Albertsons Companies’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. Analysts forecast that Albertsons Companies, Inc. will post 2.26 earnings per share for the current 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 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 presently 21.52%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.45.

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.