XTX Topco Ltd Lowers Position in Albertsons Companies, Inc. (NYSE:ACI)

Key Points

• XTX Topco Ltd reduced its holdings in Albertsons Companies by 67.5%, leaving it with 17,810 shares valued at $392,000.
• Several institutional investors, including GSA Capital Partners LLP and Federated Hermes Inc., have increased their stakes in Albertsons Companies, indicating strong interest from large investors.
• Wall Street analysts have upgraded Albertsons Companies' stock ratings, with a consensus target price around $24.06, reflecting overall confidence in the company's future performance.

XTX Topco Ltd decreased its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 67.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,810 shares of the company's stock after selling 36,949 shares during the quarter. XTX Topco Ltd's holdings in Albertsons Companies were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. WealthCollab LLC raised its position in shares of Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after purchasing an additional 1,454 shares during the period. Bessemer Group Inc. bought a new position in shares of Albertsons Companies during the first quarter worth about $40,000. GAMMA Investing LLC grew its holdings in shares of Albertsons Companies by 340.1% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after buying an additional 1,483 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of 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 buying an additional 1,061 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Albertsons Companies by 100.0% during the first quarter. Blue Trust Inc. now owns 3,370 shares of the company's stock worth $74,000 after buying an additional 1,685 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays started coverage on Albertsons Companies in a research note on Monday, July 21st. They set an "underweight" rating and a $19.00 target price for the company. Tigress Financial reaffirmed a "buy" rating and issued a $28.00 price objective on shares of Albertsons Companies in a report on Tuesday, July 8th. JPMorgan Chase & Co. dropped their price objective on Albertsons Companies from $31.00 to $29.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Wall Street Zen raised Albertsons Companies from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $24.00 price target on shares of Albertsons Companies in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.06.

Albertsons Companies Stock Down 2.2%

NYSE:ACI traded down $0.44 on Wednesday, hitting $19.07. The stock had a trading volume of 4,530,902 shares, compared to its average volume of 6,140,810. The company has a market cap of $10.67 billion, a PE ratio of 11.58, a P/E/G ratio of 1.98 and a beta of 0.46. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $23.20. The business's fifty day moving average is $20.92 and its 200 day moving average is $21.22. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 2.17.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued 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. 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 during the quarter, compared to the consensus estimate of $24.68 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The company's quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend 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 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.