Albertsons Companies, Inc. $ACI Shares Purchased by Alliancebernstein L.P.

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. boosted its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 48.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 977,163 shares of the company's stock after purchasing an additional 319,093 shares during the quarter. Alliancebernstein L.P. owned about 0.17% of Albertsons Companies worth $21,488,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in Albertsons Companies in the 1st quarter valued at $1,420,000. Bessemer Group Inc. purchased a new position in Albertsons Companies during the 1st quarter worth $40,000. Atlas Capital Advisors Inc. raised its position in Albertsons Companies by 241.6% during the 1st quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company's stock worth $509,000 after buying an additional 16,375 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in Albertsons Companies during the 1st quarter worth $323,000. Finally, Teacher Retirement System of Texas purchased a new position in Albertsons Companies during the 1st quarter worth $1,329,000. Hedge funds and other institutional investors own 71.35% of the company's stock.

Wall Street Analyst Weigh In

ACI has been the subject of a number of analyst reports. Barclays initiated coverage on shares of Albertsons Companies in a research report on Monday, July 21st. They set an "underweight" rating and a $19.00 price objective for the company. Wall Street Zen downgraded shares of Albertsons Companies from a "buy" rating to a "hold" rating in a research report on Monday. Zacks Research upgraded shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. UBS Group upgraded shares of Albertsons Companies from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $22.00 to $27.00 in a research report on Tuesday, July 22nd. Finally, Roth Capital restated a "buy" rating and set a $24.00 price objective (up previously 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 assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.94.

Albertsons Companies Price Performance

Shares of NYSE:ACI traded up $0.05 on Tuesday, reaching $18.45. 7,982,686 shares of the company were exchanged, compared to its average volume of 5,029,985. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 1.88 and a beta of 0.51. The company has a 50-day moving average of $19.73 and a 200-day moving average of $20.97.

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. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The business had revenue of $24.88 billion for the quarter, compared to analysts' expectations of $24.68 billion. During the same period in the prior year, the company posted $0.66 EPS. The business's revenue for the quarter was up 2.5% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. Equities analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies's dividend payout ratio is presently 36.59%.

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.