Canada Pension Plan Investment Board Purchases 806,800 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Canada Pension Plan Investment Board grew its position in Albertsons Companies, Inc. (NYSE:ACI) by 546.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 954,400 shares of the company’s stock after acquiring an additional 806,800 shares during the quarter. Canada Pension Plan Investment Board owned 0.16% of Albertsons Companies worth $18,849,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new stake in shares of Albertsons Companies in the 1st quarter worth approximately $41,000. Signaturefd LLC raised its holdings in shares of Albertsons Companies by 108.4% in the 2nd quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock worth $47,000 after buying an additional 1,230 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Albertsons Companies by 2,948.4% in the 2nd quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock worth $62,000 after buying an additional 2,801 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Albertsons Companies by 133.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock worth $105,000 after buying an additional 2,800 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new position in shares of Albertsons Companies in the 2nd quarter worth approximately $126,000. Institutional investors own 71.35% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 target price 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, Albertsons Companies has a consensus rating of “Moderate Buy” and a consensus price target of $24.45.

Albertsons Companies Trading Up 0.6 %

ACI stock opened at $18.67 on Monday. The business has a fifty day moving average price of $19.68 and a 200 day moving average price of $20.18. Albertsons Companies, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $23.47. The stock 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. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.88 and a quick ratio of 0.21.

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 analysts’ consensus estimates of $0.67 by ($0.01). Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. The business had revenue of $24.27 billion for the quarter, compared to analyst estimates of $24.16 billion. During the same period in the prior year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Albertsons Companies, Inc. will post 2.26 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.57%. Albertsons Companies’s dividend payout ratio is 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.