Sei Investments Co. increases stock position in Albertsons Companies, Inc. (NYSE:ACI)

Sei Investments Co. raised its stake in shares of Albertsons Companies, Inc. (NYSE:ACI – Free Report) by 4.0% during the second quarter, Holdings Channel.com reports. The fund owned 115,659 shares of the company’s stock after purchasing an additional 4,492 shares during the period. The holdings of Sei Investments Co. holdings in Albertsons Companies were worth $2,285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ACI. Verus Capital Partners LLC boosted its stake in Albertsons Companies by 3.6% in the 2nd quarter. Verus Capital Partners LLC now owns 16,288 shares of the company’s stock worth $322,000 after acquiring an additional 565 shares in the the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Albertsons Companies by 1.7% in the first quarter. Oppenheimer & Co. Inc. now owns 51,025 shares of the company’s stock valued at $1,094,000 after purchasing an additional 864 shares during the period. 1832 Asset Management LP raised its holdings in shares of Albertsons Companies by 2.2% in the first quarter. 1832 Asset Management LP now owns 50,991 shares of the company’s stock valued at $1,093,000 after buying an additional 1,121 shares in the last quarter. Symmetry Partners LLC boosted its stake in Albertsons Companies by 11.9% in the first quarter. Symmetry Partners LLC now owns 10,835 shares of the company’s stock worth $232,000 after buying an additional 1,149 shares during the period. Finally, MRP Capital Investments LLC raised its holdings in Albertsons Companies by 2.7% during the 2nd quarter. MRP Capital Investments LLC now owns 45,055 shares of the company’s stock worth $890,000 after buying an additional 1,185 shares in the last quarter. 71.35% of the shares are held by hedge funds and other institutional investors.

Analyst upgrades and downgrades

Several research firms have commented on ACI. Telsey Advisory Group restated a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a research note on Thursday, July 18th. Melius Research started coverage on Albertsons Companies in a report on Monday, September 23rd. They issued a “hold” rating and a $19.00 price target for the company. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Albertsons Companies has a consensus rating of “Moderate Buy” and a consensus price target of $23.54, according to MarketBeat.

Read the latest Albertsons Companies stock report

Albertsons Companies traded up 0.5%

Shares of NYSE ACI opened at $18.59 on Friday. Albertsons Companies, Inc. has a one year low of $17.80 and a one year high of $23.47. The company has a market cap of $10.76 billion, a price-to-earnings ratio of 8.33, 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 current ratio of 0.88, and a quick ratio of 0.21. The company has a 50 day moving average of $19.42 and a two hundred day moving average of $20.04.

Albertsons Companies (NYSE:ACI – Get Free Report ) 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 company had revenue of $24.27 billion for 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’ revenue for the quarter was up 0.9% compared to the same quarter last year. In the same quarter last year, the firm earned $0.89 EPS. On average, analysts estimate that Albertsons Companies, Inc. will post 2.26 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently announced 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 dividend of $0.48 on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Friday, July 26. Albertsons Companies’ dividend payout ratio (DPR) is 21.52%.

About Albertsons Companies

(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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