State of Wyoming Acquires 17,110 Shares of Albertsons Companies, Inc. $ACI

Key Points

• The State of Wyoming increased its stake in Albertsons Companies, Inc. by 84.4% during the first quarter, owning a total of 37,386 shares valued at approximately $822,000.
• Albertsons reported earnings of $0.55 per share for the last quarter, slightly exceeding analysts' expectations of $0.54, with quarterly revenue reaching $24.88 billion.
• The company recently announced a quarterly dividend of $0.15 per share, representing an annual yield of 3.1% and a dividend payout ratio of 36.59%.

State of Wyoming grew its position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 84.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,386 shares of the company's stock after purchasing an additional 17,110 shares during the period. State of Wyoming's holdings in Albertsons Companies were worth $822,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ACI. SVB Wealth LLC acquired a new position in Albertsons Companies in the 1st quarter worth about $32,000. Bessemer Group Inc. acquired a new position in Albertsons Companies in the 1st quarter worth about $40,000. GAMMA Investing LLC increased its position in Albertsons Companies by 340.1% in the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after purchasing an additional 1,483 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Albertsons Companies by 48,840.0% during the 1st quarter. Brooklyn Investment Group now owns 2,447 shares of the company's stock valued at $54,000 after acquiring an additional 2,442 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Albertsons Companies by 54.8% during the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock valued at $66,000 after acquiring an additional 1,061 shares during the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Stock Performance

ACI traded down $0.22 during midday trading on Tuesday, reaching $19.24. The company's stock had a trading volume of 4,509,687 shares, compared to its average volume of 6,064,349. The stock has a market cap of $10.77 billion, a P/E ratio of 11.73, a PEG ratio of 1.98 and a beta of 0.51. The company has a fifty day simple moving average of $20.36 and a 200 day simple moving average of $21.11. 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 twelve month low of $17.00 and a twelve month high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The company had revenue of $24.88 billion during the quarter, compared to the consensus estimate of $24.68 billion. During the same quarter last year, the company earned $0.66 EPS. The company's quarterly revenue was up 2.5% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. Research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share 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. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, July 25th. Albertsons Companies's dividend payout ratio (DPR) is 36.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Telsey Advisory Group reissued an "outperform" rating and set a $24.00 price objective on shares of Albertsons Companies in a report on Wednesday, July 16th. Zacks Research raised Albertsons Companies from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Wall Street Zen lowered Albertsons Companies from a "buy" rating to a "hold" rating in a report on Saturday. UBS Group raised Albertsons Companies from a "neutral" rating to a "buy" rating and increased their price objective for the company from $22.00 to $27.00 in a report on Tuesday, July 22nd. Finally, Tigress Financial reissued a "buy" rating and set a $28.00 price objective on shares of Albertsons Companies in a report on Tuesday, July 8th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.