Albertsons Companies, Inc. (NYSE:ACI) Stock Position Decreased by K2 Principal Fund L.P.

K2 Principal Fund L.P. trimmed its stake in Albertsons Companies, Inc. (NYSE:ACI) by 27.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 160,600 shares of the company’s stock after selling 62,100 shares during the quarter. K2 Principal Fund L.P.’s holdings in Albertsons Companies were worth $3,172,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of Albertsons Companies by 38.7% in 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 acquiring an additional 956,744 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Albertsons Companies by 25.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,624,692 shares of the company’s stock valued at $91,337,000 after purchasing an additional 924,519 shares in the last quarter. Lubert Adler Management Company LP boosted its position in shares of Albertsons Companies by 47.1% in 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 period. Canada Pension Plan Investment Board grew its holdings in shares of Albertsons Companies by 546.6% during the second quarter. Canada Pension Plan Investment Board now owns 954,400 shares of the company’s stock valued at $18,849,000 after buying an additional 806,800 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in 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 valued at $34,278,000 after buying an additional 733,000 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Trading Down 0.7 %

Shares of NYSE ACI opened at $18.53 on Tuesday. The business has a 50 day simple moving average of $19.66 and a 200 day simple moving average of $20.16. Albertsons Companies, Inc. has a 52 week low of $17.80 and a 52 week high of $23.47. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 1.02 and a beta of 0.49. 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 posted its earnings results on Tuesday, July 23rd. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business 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 business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share. On average, research analysts predict that Albertsons Companies, Inc. will post 2.26 earnings per share for the current fiscal 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 dividend of $0.12 per share. The ex-dividend date was Friday, July 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.59%. Albertsons Companies’s dividend payout ratio (DPR) is presently 21.52%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ACI shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a research note on Thursday, July 18th. Melius Research assumed coverage on shares of Albertsons Companies in a research report on Monday. They set a “hold” rating and a $19.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.54.

About Albertsons Companies

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.