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Federated Hermes Inc. Has $19.56 Million Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Albertsons Companies logo with Consumer Staples background

Key Points

  • Federated Hermes Inc. increased its stake in Albertsons Companies by 12.6%, owning 889,358 shares valued at approximately $19.56 million after acquiring additional shares during the first quarter.
  • Albertsons reported a net margin of 1.18% and a 2.5% year-over-year increase in revenue, reaching $24.88 billion in the last quarterly earnings, beating expectations.
  • The company announced a quarterly dividend of $0.15 per share, resulting in an annualized yield of 3.1%, with a payout ratio of 36.59%.
  • Five stocks we like better than Albertsons Companies.

Federated Hermes Inc. lifted its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 889,358 shares of the company's stock after purchasing an additional 99,319 shares during the period. Federated Hermes Inc. owned 0.15% of Albertsons Companies worth $19,557,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management bought a new stake in shares of Albertsons Companies during the 1st quarter worth about $1,186,000. Norden Group LLC boosted its position in Albertsons Companies by 0.7% during the first quarter. Norden Group LLC now owns 216,424 shares of the company's stock worth $4,759,000 after purchasing an additional 1,593 shares during the period. Mackenzie Financial Corp grew its holdings in Albertsons Companies by 214.1% during the first quarter. Mackenzie Financial Corp now owns 82,824 shares of the company's stock valued at $1,821,000 after purchasing an additional 56,453 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Albertsons Companies by 4.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 258,643 shares of the company's stock valued at $5,688,000 after purchasing an additional 10,500 shares during the period. Finally, TD Asset Management Inc lifted its stake in shares of Albertsons Companies by 5.6% in the first quarter. TD Asset Management Inc now owns 38,324 shares of the company's stock worth $843,000 after buying an additional 2,024 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors.

Albertsons Companies Price Performance

Shares of NYSE ACI traded down $0.29 during midday trading on Monday, reaching $19.32. 2,792,627 shares of the company traded hands, compared to its average volume of 6,164,650. The stock's 50-day simple moving average is $21.27 and its 200-day simple moving average is $21.24. 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, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20. The firm has a market cap of $10.82 billion, a PE ratio of 11.78, a PEG ratio of 2.01 and a beta of 0.46.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. The company had revenue of $24.88 billion during 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%. Albertsons Companies's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Friday, July 25th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, July 25th. This represents a $0.60 annualized dividend and a yield of 3.1%. Albertsons Companies's dividend payout ratio is 36.59%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ACI shares. UBS Group upgraded shares of Albertsons Companies from a "neutral" rating to a "buy" rating and raised their target price for the company from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Barclays assumed coverage on Albertsons Companies in a research report on Monday, July 21st. They issued an "underweight" rating and a $19.00 price target on the stock. Telsey Advisory Group reissued an "outperform" rating and set a $24.00 price objective on shares of Albertsons Companies in a research report on Wednesday, July 16th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $23.00 target price on shares of Albertsons Companies in a report on Wednesday, April 16th. Finally, Tigress Financial reiterated a "buy" rating and set a $28.00 price target on shares of Albertsons Companies in a report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.06.

Get Our Latest Research Report on ACI

Insider Buying and Selling

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total value of $1,015,122.38. Following the completion of the transaction, the executive vice president directly owned 162,569 shares of the company's stock, valued at approximately $3,488,730.74. The trade was a 22.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.35% of the stock is currently owned by corporate insiders.

About Albertsons Companies

(Free Report)

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.

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Institutional Ownership by Quarter for Albertsons Companies (NYSE:ACI)

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