State of New Jersey Common Pension Fund D Sells 63,611 Shares of Albertsons Companies, Inc. (NYSE:ACI)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 32.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 132,866 shares of the company’s stock after selling 63,611 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Albertsons Companies were worth $2,624,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Albertsons Companies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 33,160,009 shares of the company’s stock worth $710,951,000 after acquiring an additional 335,783 shares during the period. LSV Asset Management lifted its holdings in Albertsons Companies by 1.7% during the 1st quarter. LSV Asset Management now owns 5,078,407 shares of the company’s stock valued at $108,881,000 after purchasing an additional 85,707 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in 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 valued at $67,669,000 after purchasing an additional 956,744 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in Albertsons Companies by 25.9% during 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. Finally, Dimensional Fund Advisors LP lifted 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 valued at $55,305,000 after purchasing an additional 692,188 shares during the last quarter. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Trading Down 0.1 %

Shares of NYSE ACI opened at $18.52 on Thursday. Albertsons Companies, Inc. has a 1-year low of $17.80 and a 1-year high of $23.53. The company 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. The company has a 50-day moving average of $19.74 and a two-hundred day moving average of $20.21.

Albertsons Companies (NYSE:ACI) last announced its 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). Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. The company had revenue of $24.27 billion during the quarter, compared to the consensus estimate of $24.16 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The company’s revenue was up .9% on a year-over-year basis. As a group, equities analysts expect that Albertsons Companies, Inc. will post 2.26 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Friday, July 26th. Albertsons Companies’s dividend payout ratio is presently 21.52%.

Analyst Upgrades and Downgrades

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

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.