Albertsons Companies, Inc. $ACI Position Decreased by Parsifal Capital Management LP

Key Points

• Parsifal Capital Management LP reduced its stake in Albertsons Companies, Inc. by 21.3%, holding approximately 8 million shares, making it the largest position in their portfolio.
• Albertsons recently posted earnings of $0.55 per share, exceeding estimates and showing a 2.5% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.15 per share, which results in an annual yield of 3.2%.

Parsifal Capital Management LP cut its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,030,959 shares of the company's stock after selling 2,173,903 shares during the period. Albertsons Companies makes up approximately 15.3% of Parsifal Capital Management LP's portfolio, making the stock its biggest position. Parsifal Capital Management LP owned approximately 1.39% of Albertsons Companies worth $176,601,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. SVB Wealth LLC acquired a new stake in shares of Albertsons Companies in the 1st quarter valued at about $32,000. Bessemer Group Inc. bought a new stake in Albertsons Companies in the 1st quarter valued at 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 valued at $42,000 after buying an additional 1,483 shares in the last quarter. Brooklyn Investment Group increased its position in Albertsons Companies by 48,840.0% in the 1st quarter. Brooklyn Investment Group now owns 2,447 shares of the company's stock valued at $54,000 after buying an additional 2,442 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in Albertsons Companies by 54.8% in the 1st 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 in the last quarter. 71.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ACI has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $24.00 target price on shares of Albertsons Companies in a research report on Wednesday, July 16th. Barclays started coverage on Albertsons Companies in a research report on Monday, July 21st. They issued an "underweight" rating and a $19.00 target price for the company. UBS Group raised shares of Albertsons Companies from a "neutral" rating to a "buy" rating and raised their price target for the company from $22.00 to $27.00 in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. began coverage on shares of Albertsons Companies in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $27.00 price target on the stock. Finally, Tigress Financial reaffirmed a "buy" rating and issued a $28.00 price target on shares of Albertsons Companies in a research report on Tuesday, July 8th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Albertsons Companies presently has a consensus rating of "Moderate Buy" and an average price target of $23.94.

Albertsons Companies Stock Performance

Shares of Albertsons Companies stock traded down $0.53 during mid-day trading on Tuesday, hitting $18.72. 7,134,447 shares of the stock were exchanged, compared to its average volume of 4,935,669. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20. The company has a 50-day simple moving average of $20.08 and a 200 day simple moving average of $21.04. The company has a market capitalization of $10.48 billion, a P/E ratio of 11.41, a P/E/G ratio of 1.96 and a beta of 0.51. 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 announced its 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 return on equity of 37.92% and a net margin of 1.18%.The firm had revenue of $24.88 billion for the quarter, compared to the consensus estimate of $24.68 billion. During the same quarter in the previous year, the business earned $0.66 EPS. The company's revenue 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. Sell-side analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were paid 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 was Friday, July 25th. Albertsons Companies's 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.