Sei Investments Co. Increases Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Sei Investments Co. raised its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 4.0% in the second quarter, Holdings Channel.com reports. The fund owned 115,659 shares of the company’s stock after purchasing an additional 4,492 shares during the period. Sei Investments Co.’s holdings in Albertsons Companies were worth $2,285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ACI. Verus Capital Partners LLC lifted its stake in Albertsons Companies by 3.6% during the 2nd quarter. Verus Capital Partners LLC now owns 16,288 shares of the company’s stock worth $322,000 after acquiring an additional 565 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Albertsons Companies by 1.7% in the first quarter. Oppenheimer & Co. Inc. now owns 51,025 shares of the company’s stock valued at $1,094,000 after purchasing an additional 864 shares during the period. 1832 Asset Management L.P. grew its holdings in shares of Albertsons Companies by 2.2% in the first quarter. 1832 Asset Management L.P. now owns 50,991 shares of the company’s stock valued at $1,093,000 after purchasing an additional 1,121 shares in the last quarter. Symmetry Partners LLC increased its stake in Albertsons Companies by 11.9% during the 1st quarter. Symmetry Partners LLC now owns 10,835 shares of the company’s stock worth $232,000 after buying an additional 1,149 shares during the period. Finally, MRP Capital Investments LLC lifted its holdings in Albertsons Companies by 2.7% during the 2nd quarter. MRP Capital Investments LLC now owns 45,055 shares of the company’s stock worth $890,000 after buying an additional 1,185 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ACI. Telsey Advisory Group restated a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a research note on Thursday, July 18th. Melius Research began coverage on Albertsons Companies in a report on Monday, September 23rd. They issued a “hold” rating and a $19.00 target price for the company. Three 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, Albertsons Companies has a consensus rating of “Moderate Buy” and a consensus price target of $23.54.

Albertsons Companies Stock Up 0.5 %

Shares of NYSE ACI opened at $18.59 on Friday. Albertsons Companies, Inc. has a 1 year low of $17.80 and a 1 year high of $23.47. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth 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 business has a 50-day moving average of $19.42 and a two-hundred day moving average of $20.04.

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 the consensus estimate of $0.67 by ($0.01). The business had revenue of $24.27 billion for the quarter, compared to analysts’ expectations of $24.16 billion. Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. Albertsons Companies’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. On average, analysts forecast that Albertsons Companies, Inc. will post 2.26 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date 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.