Verdence Capital Advisors LLC buys 1,917 shares of Albertsons Companies, Inc. (NYSE:ACI)

Verdence Capital Advisors LLC grew its position in shares of Albertsons Companies, Inc. (NYSE:ACI – Free Report) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,429 shares of the company’s stock after acquiring an additional 1,917 shares during the period. Verdence Capital Advisors LLC’s holdings in Albertsons Companies were worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACI. Geneos Wealth Management Inc. purchased a new stake in Albertsons Companies in the 1st quarter valued at $41,000. Principal Securities Inc. acquired a new stake in shares of Albertsons Companies in the 4th quarter valued at about $62,000. Blue Trust Inc. raised its position in shares of Albertsons Companies by 2,948.4% during the 2nd quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock valued at $62,000 after buying an additional 2,801 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of Albertsons Companies by 133.3% in the first quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock valued at $105,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Albertsons Companies by 167.3% in the fourth quarter. Van ECK Associates Corp now owns 6,064 shares of the company’s stock worth $140,000 after acquiring an additional 3,795 shares during the last quarter. 71.35% of shares are currently owned by institutional investors.

Changes in Analyst Ratings

Separately, Telsey Advisory Group restated a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a research report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Moderate Buy” and an average price target of $24.45, according to MarketBeat.

View the latest inventory report on ACI

Albertsons Companies Price Performance

Shares of Albertsons Companies stock opened at $20.84 on Tuesday. Albertsons Companies, Inc. has a 12-month low of $19.25 and a 12-month high of $23.88. The company has a current ratio of 0.88, a quick ratio of 0.21, and a debt-to-equity ratio of 2.67. The firm has a 50-day moving average price of $19.94 and a 200-day moving average price of $20.43. The firm has a market cap of $12.07 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 1.09 and a beta of 0.49.

Albertsons Companies (NYSE:ACI – Get Free Report ) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $24.16 billion. During the same period in the previous year, the business earned $0.89 EPS. The company’s revenue for the quarter was up 0.9% on a year-over-year basis. As a group, equities research analysts forecast that Albertsons Companies, Inc. will post 2.26 EPS 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 issued a dividend of $0.12 per share. This represents a dividend of $0.48 on an annualized basis and a yield of 2.30%. The ex-dividend date was Friday, July 26. Albertsons Companies’ payout ratio is currently 21.52%.

Albertsons Companies Profile

(Free report)

Albertsons Companies, Inc., through its subsidiaries, engages in the operation of grocery and drug stores in the United States. The company’s grocery and drug retail stores offer grocery, general merchandise, health and beauty care products, pharmacy, fuel and other items and services. It also produces and processes food products for sale in stores.

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