Alliancebernstein L.P. Buys 319,093 Shares of Albertsons Companies, Inc. $ACI

Key Points

• Alliancebernstein L.P. increased its stake in Albertsons Companies, Inc. by 48.5%, now owning 977,163 shares valued at approximately $21.5 million.
• The company reported earnings of $0.55 per share, surpassing analyst estimates, with a revenue of $24.88 billion, which is a 2.5% increase from the previous year.
• Albertsons recently declared a $0.15 quarterly dividend with an annualized yield of 3.2% and a payout ratio of 36.59%.

Alliancebernstein L.P. increased its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 48.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 977,163 shares of the company's stock after purchasing an additional 319,093 shares during the period. Alliancebernstein L.P. owned approximately 0.17% of Albertsons Companies worth $21,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Mason Investment Advisory Services Inc. raised its holdings in shares of Albertsons Companies by 0.7% during the first quarter. Mason Investment Advisory Services Inc. now owns 78,062 shares of the company's stock valued at $1,717,000 after purchasing an additional 568 shares during the last quarter. Applied Finance Capital Management LLC increased its holdings in Albertsons Companies by 5.0% during the first quarter. Applied Finance Capital Management LLC now owns 14,517 shares of the company's stock valued at $319,000 after buying an additional 685 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in Albertsons Companies by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company's stock valued at $941,000 after buying an additional 891 shares during the last quarter. Fifth Third Bancorp increased its holdings in Albertsons Companies by 54.8% during the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock valued at $66,000 after buying an additional 1,061 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in Albertsons Companies by 8.7% during the first quarter. Private Advisor Group LLC now owns 16,582 shares of the company's stock valued at $365,000 after buying an additional 1,324 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Price Performance

Shares of ACI traded up $0.02 during mid-day trading on Friday, reaching $18.74. The stock had a trading volume of 3,293,538 shares, compared to its average volume of 5,013,203. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.91 and a beta of 0.51. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20. The business has a fifty day moving average of $19.89 and a 200 day moving average of $21.00. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The business had revenue of $24.88 billion during the quarter, compared to analyst estimates of $24.68 billion. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The company's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. Equities analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were given a dividend of $0.15 per share. The ex-dividend date was Friday, July 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.2%. Albertsons Companies's dividend payout ratio is currently 36.59%.

Wall Street Analysts Forecast Growth

ACI has been the subject of a number of research reports. Wall Street Zen raised shares of Albertsons Companies from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. UBS Group raised shares of Albertsons Companies from a "neutral" rating to a "buy" rating and upped their target price for the company from $22.00 to $27.00 in a report on Tuesday, July 22nd. JPMorgan Chase & Co. initiated coverage on shares of Albertsons Companies in a report on Wednesday, August 20th. They set an "overweight" rating and a $27.00 target price for the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $24.00 target price on shares of Albertsons Companies in a report on Wednesday, July 16th. Finally, Roth Capital reiterated a "buy" rating and issued a $24.00 price target (up from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Albertsons Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.94.

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.