Amalgamated Bank Sells 6,020 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Amalgamated Bank cut its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,566 shares of the company’s stock after selling 6,020 shares during the period. Amalgamated Bank’s holdings in Albertsons Companies were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 335,783 shares during the period. LSV Asset Management increased its stake in shares of Albertsons Companies by 1.7% in the 1st quarter. LSV Asset Management now owns 5,078,407 shares of the company’s stock valued at $108,881,000 after acquiring an additional 85,707 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Albertsons Companies by 25.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,624,692 shares of the company’s stock valued at $91,337,000 after acquiring an additional 924,519 shares during the period. Bank of New York Mellon Corp boosted its stake in Albertsons Companies by 38.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,426,264 shares of the company’s stock worth $67,669,000 after acquiring an additional 956,744 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in Albertsons Companies by 25.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,773,261 shares of the company’s stock valued at $63,785,000 after purchasing an additional 569,770 shares during the period. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Performance

Shares of ACI stock opened at $18.50 on Friday. The company has a market capitalization of $10.71 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 1.02 and a beta of 0.49. Albertsons Companies, Inc. has a 52 week low of $17.80 and a 52 week high of $23.47. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.21 and a current ratio of 0.88. The company’s 50 day moving average price is $19.58 and its two-hundred day moving average price is $20.12.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $24.27 billion during the quarter, compared to the consensus estimate of $24.16 billion. Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. The company’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. On average, analysts expect that Albertsons Companies, Inc. will post 2.26 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.59%. Albertsons Companies’s dividend payout ratio is currently 21.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ACI shares. Melius Research assumed coverage on shares of Albertsons Companies in a report on Monday. They issued a “hold” rating and a $19.00 target price on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a research report on Thursday, July 18th. Three equities 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, the company has a consensus 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.