Beverly Hills Private Wealth LLC Purchases 37,455 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Beverly Hills Private Wealth LLC lifted its stake in Albertsons Companies, Inc. (NYSE:ACI) by 62.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,823 shares of the company’s stock after purchasing an additional 37,455 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Albertsons Companies were worth $1,932,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. purchased a new stake in Albertsons Companies during the 1st quarter valued at $41,000. Signaturefd LLC lifted its position in shares of Albertsons Companies by 108.4% in the second quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock valued at $47,000 after acquiring an additional 1,230 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Albertsons Companies in the fourth quarter worth about $62,000. Blue Trust Inc. grew its position in shares of 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 purchasing an additional 2,801 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its stake in Albertsons Companies by 133.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock valued at $105,000 after purchasing an additional 2,800 shares during the period. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Stock Up 2.5 %

ACI opened at $18.52 on Thursday. The company has a market capitalization of $10.72 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 1.02 and a beta of 0.49. The firm has a 50-day simple moving average of $19.80 and a two-hundred day simple moving average of $20.26. 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 $23.77.

Albertsons Companies (NYSE:ACI) last posted 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). The firm 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 quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Analysts forecast that Albertsons Companies, Inc. will post 2.26 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently disclosed 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 yield of 2.59%. Albertsons Companies’s dividend payout ratio (DPR) is currently 21.52%.

Analyst Ratings Changes

Separately, 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Albertsons Companies has an average rating of “Moderate Buy” and an average 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.