Bfsg LLC Grows Position in Albertsons Companies, Inc. (NYSE:ACI)

Bfsg LLC grew its position in Albertsons Companies, Inc. (NYSE:ACI) by 31.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,890 shares of the company’s stock after purchasing an additional 4,065 shares during the period. Bfsg LLC’s holdings in Albertsons Companies were worth $334,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ACI. Peddock Capital Advisors LLC boosted its holdings in shares of Albertsons Companies by 2.2% in the 4th quarter. Peddock Capital Advisors LLC now owns 23,401 shares of the company’s stock worth $538,000 after buying an additional 500 shares during the last quarter. Gladius Capital Management LP raised its holdings in shares of Albertsons Companies by 5.5% in the 4th quarter. Gladius Capital Management LP now owns 13,249 shares of the company’s stock worth $305,000 after purchasing an additional 690 shares during the period. Oppenheimer & Co. Inc. lifted its stake in 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 last quarter. 1832 Asset Management L.P. lifted its position in shares of Albertsons Companies by 2.2% during the 1st quarter. 1832 Asset Management L.P. now owns 50,991 shares of the company’s stock valued at $1,093,000 after buying an additional 1,121 shares during the last quarter. Finally, Symmetry Partners LLC grew its stake in shares of 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 acquiring an additional 1,149 shares during the period. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Price Performance

NYSE ACI traded down $0.12 during trading hours on Thursday, hitting $20.12. The company had a trading volume of 2,074,838 shares, compared to its average volume of 2,886,518. 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 firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 1.09 and a beta of 0.49. Albertsons Companies, Inc. has a 52 week low of $19.25 and a 52 week high of $23.88. The firm has a 50 day simple moving average of $19.96 and a 200 day simple moving average of $20.43.

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 the consensus estimate of $24.16 billion. During the same period last year, the company posted $0.89 EPS. The business’s revenue was up .9% on a year-over-year basis. Equities research analysts expect that Albertsons Companies, Inc. will post 2.26 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a $0.12 dividend. The ex-dividend date was Friday, July 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.39%. Albertsons Companies’s dividend payout ratio (DPR) is presently 21.52%.

Analyst Ratings Changes

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 price target 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.