Signaturefd LLC Has $47,000 Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Signaturefd LLC lifted its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 108.4% during the second quarter, HoldingsChannel reports. The firm owned 2,365 shares of the company’s stock after acquiring an additional 1,230 shares during the quarter. Signaturefd LLC’s holdings in Albertsons Companies were worth $47,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Albertsons Companies by 1.0% during the first quarter. Vanguard Group Inc. now owns 33,160,009 shares of the company’s stock worth $710,951,000 after buying an additional 335,783 shares during the last quarter. Norges Bank bought a new position in shares of Albertsons Companies during the 4th quarter worth approximately $312,510,000. LSV Asset Management increased its holdings in shares of Albertsons Companies by 1.7% during the 1st quarter. LSV Asset Management now owns 5,078,407 shares of the company’s stock worth $108,881,000 after acquiring an additional 85,707 shares during the last quarter. Alpine Associates Management Inc. raised its stake in Albertsons Companies by 3.1% in the 4th quarter. Alpine Associates Management Inc. now owns 4,401,418 shares of the company’s stock valued at $101,233,000 after acquiring an additional 133,900 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in 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 purchasing an additional 956,744 shares during the period. Institutional investors and hedge funds own 71.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a research report on Thursday, July 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.45.

Albertsons Companies Stock Performance

NYSE:ACI opened at $19.01 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 2.67. The stock has a 50 day simple moving average of $19.93 and a 200 day simple moving average of $20.36. Albertsons Companies, Inc. has a 1-year low of $18.68 and a 1-year high of $23.88. The stock has a market cap of $11.01 billion, a P/E ratio of 8.52, a PEG ratio of 1.08 and a beta of 0.49.

Albertsons Companies (NYSE:ACI) last posted its 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 return on equity of 56.01% and a net margin of 1.41%. The firm 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 posted $0.89 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts anticipate that Albertsons Companies, Inc. will post 2.26 earnings per share for the current year.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Friday, July 26th. 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.