Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Makes New Investment in Albertsons Companies, Inc. (NYSE:ACI)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 106,800 shares of the company’s stock, valued at approximately $2,330,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ACI. Gradient Investments LLC bought a new stake in shares of Albertsons Companies during the second quarter valued at approximately $43,000. Resurgent Financial Advisors LLC bought a new stake in shares of Albertsons Companies during the fourth quarter valued at approximately $45,000. Fortis Capital Advisors LLC bought a new stake in shares of Albertsons Companies during the fourth quarter valued at approximately $51,000. Ameritas Advisory Services LLC bought a new stake in shares of Albertsons Companies during the first quarter valued at approximately $52,000. Finally, Atlas Capital Advisors LLC bought a new stake in shares of Albertsons Companies during the first quarter valued at approximately $62,000. Institutional investors own 68.64% of the company’s stock.

Albertsons Companies Stock Performance

Shares of ACI stock opened at $21.01 on Monday. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 1.01 and a beta of 0.56. The company’s 50 day moving average is $22.42 and its 200 day moving average is $21.79. The company has a quick ratio of 0.17, a current ratio of 0.81 and a debt-to-equity ratio of 3.52. Albertsons Companies, Inc. has a 52-week low of $19.14 and a 52-week high of $23.88.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.07. Albertsons Companies had a net margin of 1.74% and a return on equity of 106.93%. The company had revenue of $18.29 billion for the quarter, compared to analyst estimates of $18.30 billion. During the same period last year, the company posted $0.68 earnings per share. Albertsons Companies’s revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Albertsons Companies, Inc. will post 2.65 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.28%. The ex-dividend date was Monday, October 30th. Albertsons Companies’s dividend payout ratio is currently 25.00%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a research note on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Albertsons Companies presently has a consensus rating of “Hold” and an average target price of $25.88.

Albertsons Companies Profile

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.