Albertsons Companies, Inc. $ACI Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. significantly reduced its stake in Albertsons Companies by 46.3%, holding 139,081 shares after selling 120,068 during the first quarter.
• Albertsons Companies reported a quarterly earnings per share of $0.55, beating estimates, with revenues increasing by 2.5% year-over-year to $24.88 billion.
• The company's recent quarterly dividend was set at $0.15 per share, yielding 3.1% annually, with a payout ratio of 36.59%.

Russell Investments Group Ltd. lowered its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 46.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,081 shares of the company's stock after selling 120,068 shares during the quarter. Russell Investments Group Ltd.'s holdings in Albertsons Companies were worth $3,048,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Albertsons Companies by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 37,374,669 shares of the company's stock valued at $821,869,000 after purchasing an additional 1,064,547 shares during the last quarter. Parsifal Capital Management LP boosted its holdings in shares of Albertsons Companies by 19.4% in the 4th quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company's stock valued at $200,423,000 after purchasing an additional 1,657,981 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Albertsons Companies by 52.9% in the 1st quarter. LSV Asset Management now owns 7,873,039 shares of the company's stock valued at $173,128,000 after purchasing an additional 2,724,576 shares during the last quarter. Southeastern Asset Management Inc. TN boosted its holdings in shares of Albertsons Companies by 108.0% in the 4th quarter. Southeastern Asset Management Inc. TN now owns 5,766,719 shares of the company's stock valued at $113,258,000 after purchasing an additional 2,993,988 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Albertsons Companies by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,636,732 shares of the company's stock valued at $91,064,000 after purchasing an additional 167,725 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Stock Performance

NYSE:ACI opened at $19.5080 on Monday. 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 firm has a market capitalization of $10.92 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.99 and a beta of 0.46. The firm's fifty day simple moving average is $20.60 and its 200 day simple moving average is $21.18. 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 posted its earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $24.68 billion. During the same quarter in the previous year, the business posted $0.66 EPS. The business'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. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were issued a $0.15 dividend. The ex-dividend date was Friday, July 25th. This represents a $0.60 dividend on an annualized basis and a yield of 3.1%. Albertsons Companies's payout ratio is currently 36.59%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Tigress Financial reiterated a "buy" rating and issued a $28.00 price target on shares of Albertsons Companies in a report on Tuesday, July 8th. UBS Group upgraded shares of Albertsons Companies from a "neutral" rating to a "buy" rating and lifted their price target for the company from $22.00 to $27.00 in a report on Tuesday, July 22nd. Wall Street Zen upgraded shares of Albertsons Companies from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Barclays started coverage on shares of Albertsons Companies in a report on Monday, July 21st. They set an "underweight" rating and a $19.00 target price on the stock. Finally, Roth Capital restated a "buy" rating and set a $24.00 target price (up previously from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.

Want to see what other hedge funds are holding ACI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Albertsons Companies, Inc. (NYSE:ACI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.