Gabelli Funds LLC Sells 16,387 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Gabelli Funds LLC reduced its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 840,391 shares of the company’s stock after selling 16,387 shares during the quarter. Gabelli Funds LLC owned approximately 0.15% of Albertsons Companies worth $16,598,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new stake in shares of Albertsons Companies during the 1st quarter valued at $41,000. Signaturefd LLC increased its holdings in Albertsons Companies by 108.4% during 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 holdings in Albertsons Companies by 2,948.4% during 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 raised its position in 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 acquiring an additional 2,800 shares during the period. Finally, Intact Investment Management Inc. purchased a new position in Albertsons Companies in the second quarter valued at about $126,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Trading Up 0.6 %

Shares of ACI opened at $18.67 on Monday. Albertsons Companies, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $23.47. The business has a 50-day moving average of $19.68 and a 200 day moving average of $20.18. The firm has a market cap of $10.81 billion, a P/E ratio of 8.37, 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 quick ratio of 0.21 and a current ratio of 0.88.

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 during 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. As a group, research analysts forecast that Albertsons Companies, Inc. will post 2.26 EPS for the current year.

Albertsons Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders 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 2.57%. Albertsons Companies’s dividend payout ratio is currently 21.52%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.45.

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.