Gabelli Funds LLC Trims Position in Albertsons Companies, Inc. $ACI

Key Points

• Gabelli Funds LLC reduced its position in Albertsons Companies, Inc. by 33.0%, selling 151,226 shares, and now holds 307,643 shares worth approximately $6.77 million.
• Albertsons reported quarterly earnings of $0.55 EPS, surpassing the consensus estimate, with a revenue increase of 2.5% year-over-year totaling $24.88 billion.
• The company declared a quarterly dividend of $0.15 per share, resulting in an annualized dividend of $0.60 and a yield of 3.1%.

Gabelli Funds LLC reduced its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 33.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 307,643 shares of the company's stock after selling 151,226 shares during the quarter. Gabelli Funds LLC owned about 0.05% of Albertsons Companies worth $6,765,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Mason Investment Advisory Services Inc. raised its stake in shares of Albertsons Companies by 0.7% in the first quarter. Mason Investment Advisory Services Inc. now owns 78,062 shares of the company's stock worth $1,717,000 after acquiring an additional 568 shares during the last quarter. Applied Finance Capital Management LLC lifted its position in shares of Albertsons Companies by 5.0% in 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 stake in shares of 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 worth $941,000 after purchasing an additional 891 shares during the period. Fifth Third Bancorp lifted its position in Albertsons Companies by 54.8% during the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock worth $66,000 after purchasing an additional 1,061 shares during the period. Finally, Rehmann Capital Advisory Group raised its stake in Albertsons Companies by 4.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 24,765 shares of the company's stock worth $486,000 after acquiring an additional 1,153 shares in the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Telsey Advisory Group reissued an "outperform" rating and issued a $24.00 price target on shares of Albertsons Companies in a research note on Wednesday, July 16th. UBS Group raised shares of Albertsons Companies from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $22.00 to $27.00 in a report on Tuesday, July 22nd. Tigress Financial reaffirmed a "buy" rating and issued a $28.00 target price on shares of Albertsons Companies in a research note on Tuesday, July 8th. BMO Capital Markets raised shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $19.00 to $25.00 in a research report on Wednesday, May 7th. Finally, Zacks Research raised shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.94.

Albertsons Companies Stock Performance

Albertsons Companies stock traded down $0.26 during mid-day trading on Tuesday, hitting $19.21. The company had a trading volume of 3,371,468 shares, compared to its average volume of 6,063,002. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 1.98 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 company's fifty day moving average is $20.36 and its 200-day moving average is $21.11.

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

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies's dividend payout ratio (DPR) is currently 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.