APG Asset Management N.V. Reduces Stake in Albertsons Companies, Inc. (NYSE:ACI)

APG Asset Management N.V. reduced its stake in Albertsons Companies, Inc. (NYSE:ACI) by 90.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 27,400 shares of the company’s stock after selling 264,300 shares during the period. APG Asset Management N.V.’s holdings in Albertsons Companies were worth $505,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new position in shares of Albertsons Companies during the 1st quarter worth $41,000. Signaturefd LLC grew its holdings in shares of Albertsons Companies by 108.4% during the 2nd quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock worth $47,000 after purchasing an additional 1,230 shares during the period. Blue Trust Inc. grew its holdings 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 worth $62,000 after purchasing an additional 2,801 shares during the period. UniSuper Management Pty Ltd grew its holdings in shares of Albertsons Companies by 133.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock worth $105,000 after purchasing an additional 2,800 shares during the period. Finally, Intact Investment Management Inc. purchased a new position in shares of Albertsons Companies during the 2nd quarter worth $126,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Albertsons Companies Stock Performance

Shares of Albertsons Companies stock opened at $18.57 on Wednesday. The business has a 50-day moving average of $19.49 and a 200 day moving average of $20.06. Albertsons Companies, Inc. has a 12 month low of $17.80 and a 12 month high of $23.47. The stock has a market capitalization of $10.75 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.

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 firm had revenue of $24.27 billion for the quarter, compared to analysts’ expectations of $24.16 billion. During the same quarter last year, the business earned $0.89 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Albertsons Companies, Inc. will post 2.26 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Friday, July 26th. Albertsons Companies’s dividend payout ratio is currently 21.52%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Melius Research assumed coverage on Albertsons Companies in a report on Monday, September 23rd. They set a “hold” rating and a $19.00 price target for the company. Telsey Advisory Group reiterated a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.