Principal Financial Group Inc. Has $610,000 Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Principal Financial Group Inc. lowered its position in Albertsons Companies, Inc. (NYSE:ACI) by 14.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,865 shares of the company’s stock after selling 5,078 shares during the quarter. Principal Financial Group Inc.’s holdings in Albertsons Companies were worth $610,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Albertsons Companies by 40.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,404,574 shares of the company’s stock worth $55,305,000 after purchasing an additional 692,188 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Albertsons Companies by 109.7% during the 1st quarter. Tidal Investments LLC now owns 57,054 shares of the company’s stock worth $1,223,000 after acquiring an additional 29,849 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Albertsons Companies by 40.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 189,083 shares of the company’s stock valued at $4,054,000 after acquiring an additional 54,130 shares during the last quarter. Swedbank AB raised its stake in shares of Albertsons Companies by 166.2% in the 2nd quarter. Swedbank AB now owns 214,192 shares of the company’s stock valued at $4,230,000 after acquiring an additional 133,715 shares in the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in Albertsons Companies in the 4th quarter worth approximately $1,247,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Stock Performance

Shares of NYSE ACI opened at $19.06 on Friday. Albertsons Companies, Inc. has a 12 month low of $17.80 and a 12 month high of $23.77. The company has a market cap of $11.04 billion, a P/E ratio of 8.55, a P/E/G ratio of 1.02 and a beta of 0.49. The business’s 50 day moving average is $19.77 and its two-hundred day moving average is $20.24. 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 (NYSE:ACI) last released its earnings results on Tuesday, July 23rd. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. The company had revenue of $24.27 billion for the quarter, compared to analyst estimates of $24.16 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. Albertsons Companies’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts expect that Albertsons Companies, Inc. will post 2.26 EPS for the current year.

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were paid 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 2.52%. Albertsons Companies’s dividend payout ratio is 21.52%.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 price target 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.