Federated Hermes Inc. Acquires 19,099 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Federated Hermes Inc. lifted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 730,007 shares of the company’s stock after acquiring an additional 19,099 shares during the quarter. Federated Hermes Inc. owned approximately 0.13% of Albertsons Companies worth $14,418,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Albertsons Companies by 40.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,404,574 shares of the company’s stock valued at $55,305,000 after acquiring an additional 692,188 shares in the last quarter. Tidal Investments LLC raised its holdings in Albertsons Companies by 109.7% in the first quarter. Tidal Investments LLC now owns 57,054 shares of the company’s stock worth $1,223,000 after purchasing an additional 29,849 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Albertsons Companies by 40.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 189,083 shares of the company’s stock worth $4,054,000 after purchasing an additional 54,130 shares in the last quarter. Swedbank AB raised its holdings in Albertsons Companies by 166.2% in the second quarter. Swedbank AB now owns 214,192 shares of the company’s stock worth $4,230,000 after purchasing an additional 133,715 shares in the last quarter. Finally, Privium Fund Management UK Ltd bought a new position in Albertsons Companies in the fourth quarter worth $1,247,000. Institutional investors own 71.35% of the company’s stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued 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 stock. Based on data from MarketBeat.com, Albertsons Companies presently has a consensus rating of “Moderate Buy” and an average price target of $24.45.

Albertsons Companies Trading Down 1.0 %

NYSE ACI opened at $18.86 on Tuesday. Albertsons Companies, Inc. has a 12 month low of $17.80 and a 12 month high of $23.62. The stock has a market cap of $10.92 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.02 and a beta of 0.49. The stock’s fifty day moving average price is $19.76 and its 200-day moving average price is $20.22. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 2.67.

Albertsons Companies (NYSE:ACI) last released its earnings results on Tuesday, July 23rd. The company reported $0.66 EPS 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 analysts’ expectations of $24.16 billion. During the same period in the prior year, the company posted $0.89 earnings per share. The company’s revenue was up .9% on a year-over-year basis. As a group, equities analysts forecast that Albertsons Companies, Inc. will post 2.26 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently announced 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 was Friday, July 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.55%. Albertsons Companies’s dividend payout ratio is currently 21.52%.

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.