BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Boosts Stake in Albertsons Companies, Inc. (NYSE:ACI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Albertsons Companies, Inc. (NYSE:ACI) by 62.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 66,258 shares of the company’s stock after acquiring an additional 25,358 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Albertsons Companies were worth $1,309,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ACI. Geneos Wealth Management Inc. acquired a new position in Albertsons Companies during the first quarter worth about $41,000. Signaturefd LLC grew its position in shares of 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 in the last quarter. Blue Trust Inc. raised its holdings in Albertsons Companies by 2,948.4% in the second quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock valued at $62,000 after acquiring an additional 2,801 shares in the last quarter. UniSuper Management Pty Ltd lifted its stake 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 last quarter. Finally, Intact Investment Management Inc. acquired a new position in Albertsons Companies during the 2nd quarter worth approximately $126,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Trading Down 0.1 %

ACI opened at $18.49 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67. Albertsons Companies, Inc. has a 52 week low of $17.80 and a 52 week high of $23.47. The business’s 50 day moving average is $19.55 and its two-hundred day moving average is $20.09. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 1.02 and a beta of 0.49.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Tuesday, July 23rd. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. The business had revenue of $24.27 billion during the quarter, compared to analyst estimates of $24.16 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. On average, research analysts predict that Albertsons Companies, Inc. will post 2.26 EPS for the current year.

Albertsons Companies Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Friday, July 26th. Albertsons Companies’s dividend payout ratio (DPR) is presently 21.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ACI shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a research report on Thursday, July 18th. Melius Research began coverage on Albertsons Companies in a research report on Monday, September 23rd. They set a “hold” rating and a $19.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.54.

Albertsons Companies Company 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.