Comerica Bank Has $3.58 Million Holdings in Albertsons Companies, Inc. $ACI

Key Points

• Comerica Bank significantly increased its stake in Albertsons Companies, Inc. by 331.2% in the first quarter, owning 162,933 shares valued at approximately $3.58 million.
• Albertsons reported an earnings per share (EPS) of $0.55 for the last quarter, exceeding analysts' estimates and showing a 2.5% revenue increase year-over-year with total revenue of $24.88 billion.
• The company recently declared a quarterly dividend of $0.15 per share, representing an annualized yield of 3.1%, with a payout ratio of 36.59%.

Comerica Bank increased its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 331.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 162,933 shares of the company's stock after buying an additional 125,145 shares during the period. Comerica Bank's holdings in Albertsons Companies were worth $3,583,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Albertsons Companies during the first quarter worth $1,420,000. Bessemer Group Inc. acquired a new position in Albertsons Companies during the first quarter worth $40,000. Bayesian Capital Management LP purchased a new position in Albertsons Companies during the fourth quarter worth about $232,000. Atlas Capital Advisors Inc. raised its stake in shares of Albertsons Companies by 241.6% in the 1st quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company's stock valued at $509,000 after acquiring an additional 16,375 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in Albertsons Companies during the 1st quarter worth about $323,000. Hedge funds and other institutional investors own 71.35% of the company's stock.

Albertsons Companies Stock Down 1.6%

Shares of NYSE:ACI traded down $0.31 during midday trading on Thursday, reaching $19.00. The company had a trading volume of 2,239,470 shares, compared to its average volume of 6,051,324. The stock has a market capitalization of $10.64 billion, a P/E ratio of 11.59, a PEG ratio of 1.98 and a beta of 0.51. The stock's fifty day moving average price is $20.27 and its 200-day moving average price is $21.09. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings data 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 quarter last year, the company earned $0.66 EPS. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. Equities research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on ACI. UBS Group raised shares of Albertsons Companies from a "neutral" rating to a "buy" rating and boosted their price target for the company from $22.00 to $27.00 in a research report on Tuesday, July 22nd. Wall Street Zen downgraded shares of Albertsons Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. 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. Barclays assumed coverage on shares of Albertsons Companies in a research note on Monday, July 21st. They issued an "underweight" rating and a $19.00 target price for the company. Finally, Tigress Financial restated a "buy" rating and issued a $28.00 price target on shares of Albertsons Companies in a report on Tuesday, July 8th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Albertsons Companies currently has a consensus rating of "Moderate Buy" and an average price target of $23.94.

About Albertsons Companies

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.