Calamos Advisors LLC Boosts Stake in Albertsons Companies, Inc. (NYSE:ACI)

Calamos Advisors LLC raised its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 11.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,678,613 shares of the company's stock after acquiring an additional 174,349 shares during the period. Calamos Advisors LLC owned about 0.29% of Albertsons Companies worth $33,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. &PARTNERS bought a new stake in shares of Albertsons Companies in the second quarter valued at about $360,000. Continuum Advisory LLC raised its holdings in Albertsons Companies by 76.4% during the second quarter. Continuum Advisory LLC now owns 20,261 shares of the company's stock worth $400,000 after acquiring an additional 8,775 shares in the last quarter. Blue Trust Inc. raised its holdings in 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 acquiring an additional 2,801 shares in the last quarter. Swedbank AB raised its holdings in Albertsons Companies by 166.2% during the second quarter. Swedbank AB now owns 214,192 shares of the company's stock worth $4,230,000 after acquiring an additional 133,715 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Albertsons Companies by 7.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 46,670 shares of the company's stock worth $922,000 after acquiring an additional 3,366 shares in the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Stock Performance

NYSE:ACI traded up $0.18 during trading hours on Friday, reaching $20.93. The company had a trading volume of 3,235,784 shares, compared to its average volume of 2,902,025. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 2.67. Albertsons Companies, Inc. has a 52 week low of $19.25 and a 52 week high of $23.88. The firm has a market cap of $12.12 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 1.09 and a beta of 0.49. The firm's 50 day moving average price is $19.92 and its 200-day moving average price is $20.44.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Tuesday, July 23rd. The company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The firm had revenue of $24.27 billion for the quarter, compared to analysts' expectations of $24.16 billion. Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. The firm's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. On average, analysts forecast that Albertsons Companies, Inc. will post 2.26 EPS for the current year.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.29%. Albertsons Companies's payout ratio is 21.52%.

Analysts Set New Price Targets

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

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.