Amundi Grows Holdings in Albertsons Companies, Inc. $ACI

Key Points

• Amundi increased its stake in Albertsons Companies, Inc. by 118.8%, owning over 3.2 million shares, valued at approximately $73.2 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Albertsons, with price targets ranging from $19 to $28.
• Albertsons recently reported a quarterly EPS of $0.55, beating analysts' estimates, with significant revenue growth of 2.5% year-over-year.

Amundi boosted its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 118.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,227,851 shares of the company's stock after purchasing an additional 1,752,393 shares during the quarter. Amundi owned about 0.56% of Albertsons Companies worth $73,164,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACI. Stifel Financial Corp purchased a new stake in Albertsons Companies in the 4th quarter valued at $426,000. The Manufacturers Life Insurance Company increased its stake 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 buying an additional 20,161 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Albertsons Companies in the 4th quarter valued at $269,000. Ameriprise Financial Inc. increased its stake 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 buying an additional 104,302 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in Albertsons Companies in the 4th quarter valued at $6,348,000. Hedge funds and other institutional investors own 71.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ACI shares. Zacks Research raised shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. JPMorgan Chase & Co. began coverage on shares of Albertsons Companies in a research note on Wednesday, August 20th. They set an "overweight" rating and a $27.00 price target on the stock. Tigress Financial reaffirmed a "buy" rating and set a $28.00 price target on shares of Albertsons Companies in a research note on Tuesday, July 8th. Barclays began coverage on shares of Albertsons Companies in a research note on Monday, July 21st. They set an "underweight" rating and a $19.00 price target on the stock. Finally, Roth Capital reaffirmed a "buy" rating and set a $24.00 price target (up from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Albertsons Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.94.

Albertsons Companies Price Performance

Shares of NYSE ACI opened at $19.04 on Friday. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.94 and a beta of 0.51. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $23.20. The company's 50-day moving average price is $20.19 and its 200 day moving average price is $21.07. The company has a current ratio of 0.82, a quick ratio of 0.18 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, beating analysts' consensus estimates 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 firm's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 EPS. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. As a group, research analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

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

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.

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