Tredje AP fonden Has $1.07 Million Stake in Albertsons Companies, Inc. (NYSE:ACI)

Tredje AP fonden reduced its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,340 shares of the company’s stock after selling 849 shares during the quarter. Tredje AP fonden’s holdings in Albertsons Companies were worth $1,073,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Geneos Wealth Management Inc. bought a new stake in shares of Albertsons Companies during the first quarter worth $41,000. Signaturefd LLC grew its holdings in Albertsons Companies by 108.4% during the 2nd quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock worth $47,000 after acquiring an additional 1,230 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Albertsons Companies in the fourth quarter worth about $62,000. Blue Trust Inc. lifted its position in shares of Albertsons Companies by 2,948.4% during the second quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock worth $62,000 after purchasing an additional 2,801 shares in the last quarter. Finally, UniSuper Management Pty Ltd grew its stake in shares of Albertsons Companies by 133.3% during the first quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock valued at $105,000 after purchasing an additional 2,800 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors.

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 report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Albertsons Companies has a consensus rating of “Moderate Buy” and a consensus target price of $24.45.

Albertsons Companies Trading Up 0.7 %

Shares of NYSE ACI opened at $18.70 on Friday. Albertsons Companies, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $23.47. The firm has a market capitalization of $10.83 billion, a P/E ratio of 8.38, a P/E/G ratio of 1.02 and a beta of 0.49. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.88 and a quick ratio of 0.21. The company’s 50 day simple moving average is $19.70 and its 200 day simple moving average is $20.19.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.66 earnings per share (EPS) 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 return on equity of 56.01% and a net margin of 1.41%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. On average, analysts predict that Albertsons Companies, Inc. will post 2.26 EPS for the current year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.57%. Albertsons Companies’s dividend payout ratio (DPR) is presently 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.