Alyeska Investment Group L.P. Sells 63,628 Shares of Albertsons Companies, Inc. $ACI

Key Points

• Alyeska Investment Group L.P. reduced its holdings in Albertsons Companies, Inc. by **78.5%** during the first quarter, now owning just **17,391 shares** valued at **$382,000**.
• Research analysts have given Albertsons a consensus rating of **"Moderate Buy"** with a price target ranging from **$19.00 to $27.00**, reflecting varying opinions on the stock's performance.
• Albertsons recently announced a quarterly dividend of **$0.15 per share**, representing an annualized yield of **3.2%**, with a dividend payout ratio of **36.59%**.

Alyeska Investment Group L.P. decreased its position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 78.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,391 shares of the company's stock after selling 63,628 shares during the period. Alyeska Investment Group L.P.'s holdings in Albertsons Companies were worth $382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ACI. Stifel Financial Corp acquired a new position in shares of Albertsons Companies in the 4th quarter valued at $426,000. The Manufacturers Life Insurance Company lifted its position in Albertsons Companies by 186.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 30,984 shares of the company's stock valued at $609,000 after acquiring an additional 20,161 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Albertsons Companies in the 4th quarter valued at $269,000. Ameriprise Financial Inc. lifted its position in Albertsons Companies by 136.2% in the 4th quarter. Ameriprise Financial Inc. now owns 180,861 shares of the company's stock valued at $3,552,000 after acquiring an additional 104,302 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in Albertsons Companies in the 4th quarter valued at $6,348,000. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Stock Up 0.1%

NYSE:ACI traded up $0.02 on Friday, hitting $18.74. 3,293,538 shares of the company's stock were exchanged, compared to its average volume of 5,013,203. The firm has a 50-day moving average price of $19.89 and a 200-day moving average price of $21.00. 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 52 week low of $17.00 and a 52 week high of $23.20. The company has a market cap of $10.49 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.91 and a beta of 0.51.

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

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were issued 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 presently 36.59%.

Analysts Set New Price Targets

Several research firms recently commented on ACI. Tigress Financial reaffirmed a "buy" rating and issued a $28.00 price objective on shares of Albertsons Companies in a research report on Tuesday, July 8th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $24.00 price objective on shares of Albertsons Companies in a research report on Wednesday, July 16th. UBS Group raised shares of Albertsons Companies from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $22.00 to $27.00 in a research report on Tuesday, July 22nd. Barclays began coverage on shares of Albertsons Companies in a research report on Monday, July 21st. They issued an "underweight" rating and a $19.00 price objective on the stock. Finally, Wall Street Zen raised shares of Albertsons Companies from a "hold" rating to a "buy" rating in a research report on Sunday, September 7th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.94.

Albertsons Companies Company 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.