22,285 Shares in Albertsons Companies, Inc. (NYSE:ACI) Bought by MBB Public Markets I LLC

MBB Public Markets I LLC purchased a new position in Albertsons Companies, Inc. (NYSE:ACI) in the second quarter, HoldingsChannel reports. The fund purchased 22,285 shares of the company’s stock, valued at approximately $440,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in shares of Albertsons Companies in the first quarter worth $41,000. Signaturefd LLC increased its stake in shares of Albertsons Companies by 108.4% in the second quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock worth $47,000 after buying an additional 1,230 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Albertsons Companies by 2,948.4% in the second quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock worth $62,000 after buying an additional 2,801 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in shares of Albertsons Companies by 133.3% in the first quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock worth $105,000 after buying an additional 2,800 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new stake in shares of Albertsons Companies in the second quarter worth $126,000. Institutional investors own 71.35% of the company’s stock.

Wall Street Analyst Weigh In

ACI has been the subject of several recent research reports. Melius Research initiated coverage on shares of Albertsons Companies in a research note on Monday, September 23rd. They set a “hold” rating and a $19.00 target price for the company. Telsey Advisory Group reiterated a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a research note on Thursday, July 18th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Albertsons Companies has an average rating of “Moderate Buy” and a consensus price target of $23.54.

Albertsons Companies Stock Up 0.5 %

ACI stock opened at $18.57 on Wednesday. Albertsons Companies, Inc. has a 1-year low of $17.80 and a 1-year high of $23.47. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 1.02 and a beta of 0.49. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.88 and a quick ratio of 0.21. The firm has a fifty day moving average price of $19.49 and a two-hundred day moving average price of $20.06.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $24.16 billion. During the same period last year, the firm posted $0.89 EPS. The business’s revenue was up .9% compared to the same quarter last year. Research analysts predict that Albertsons Companies, Inc. will post 2.26 EPS for the current year.

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Friday, July 26th. Albertsons Companies’s dividend payout ratio (DPR) is 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.