BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases Shares of 74,163 Albertsons Companies, Inc. (NYSE:ACI)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Albertsons Companies, Inc. (NYSE:ACI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 74,163 shares of the company’s stock, valued at approximately $1,465,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Peddock Capital Advisors LLC raised its holdings in Albertsons Companies by 2.2% during the 4th quarter. Peddock Capital Advisors LLC now owns 23,401 shares of the company’s stock worth $538,000 after purchasing an additional 500 shares during the last quarter. Gladius Capital Management LP lifted its holdings in Albertsons Companies by 5.5% in the fourth quarter. Gladius Capital Management LP now owns 13,249 shares of the company’s stock valued at $305,000 after buying an additional 690 shares during the period. Oppenheimer & Co. Inc. boosted its position in Albertsons Companies by 1.7% during the first quarter. Oppenheimer & Co. Inc. now owns 51,025 shares of the company’s stock valued at $1,094,000 after acquiring an additional 864 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in Albertsons Companies by 2.2% during the 1st quarter. 1832 Asset Management L.P. now owns 50,991 shares of the company’s stock worth $1,093,000 after acquiring an additional 1,121 shares during the period. Finally, Symmetry Partners LLC lifted its stake in shares of Albertsons Companies by 11.9% in the 1st quarter. Symmetry Partners LLC now owns 10,835 shares of the company’s stock valued at $232,000 after purchasing an additional 1,149 shares during the period. 71.35% of the stock is currently owned by institutional investors.

Albertsons Companies Trading Down 2.5 %

ACI opened at $19.62 on Monday. The company has a fifty day moving average price of $19.96 and a two-hundred day moving average price of $20.40. Albertsons Companies, Inc. has a 1-year low of $19.25 and a 1-year high of $23.88. The company has a market cap of $11.36 billion, a P/E ratio of 8.80, a price-to-earnings-growth ratio of 1.08 and a beta of 0.49. 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 issued 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 net margin of 1.41% and a return on equity of 56.01%. The firm had revenue of $24.27 billion during the quarter, compared to the consensus estimate of $24.16 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. Analysts predict that Albertsons Companies, Inc. will post 2.26 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Friday, July 26th. Albertsons Companies’s payout ratio is 21.52%.

Analysts Set New Price Targets

Separately, 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.45.

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.