Hsbc Holdings PLC Sells 166,127 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Hsbc Holdings PLC lessened its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,521,481 shares of the company’s stock after selling 166,127 shares during the quarter. Hsbc Holdings PLC owned approximately 0.26% of Albertsons Companies worth $30,233,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in shares of Albertsons Companies by 38.7% during the second 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 last quarter. Dimensional Fund Advisors LP raised its stake in shares of Albertsons Companies by 25.0% during the second 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 last quarter. Lubert Adler Management Company LP raised its stake in shares of Albertsons Companies by 47.1% during the second quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock worth $52,629,000 after buying an additional 852,857 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Albertsons Companies by 84.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,598,800 shares of the company’s stock worth $34,278,000 after buying an additional 733,000 shares during the last quarter. Finally, Murchinson Ltd. bought a new stake in Albertsons Companies in the first quarter valued at approximately $14,719,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.25 target price 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $24.45.

Albertsons Companies Stock Up 0.6 %

Shares of ACI stock opened at $18.67 on Friday. The firm has a fifty day moving average of $19.68 and a 200-day moving average of $20.18. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67. Albertsons Companies, Inc. has a 12-month low of $17.80 and a 12-month high of $23.47. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 8.37, a P/E/G ratio of 1.02 and a beta of 0.49.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $24.16 billion. During the same period in the prior year, the company earned $0.89 EPS. The firm’s revenue was up .9% on a year-over-year basis. As a group, equities research analysts predict that Albertsons Companies, Inc. will post 2.26 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The firm 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 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Friday, July 26th. Albertsons Companies’s payout ratio 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.