ASR Vermogensbeheer N.V. Has $2.42 Million Holdings in Albertsons Companies, Inc. $ACI

Key Points

• ASR Vermogensbeheer N.V. increased its holdings in Albertsons Companies, Inc. by 60.3%, now owning 112,397 shares valued at $2.42 million.
• Albertsons reported a quarterly earnings per share (EPS) of $0.55, exceeding analysts' expectations, with revenues reaching $24.88 billion.
• The company has announced a quarterly dividend of $0.15 per share, with a current yield of 3.5% and a payout ratio of 36.59%.

ASR Vermogensbeheer N.V. grew its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 60.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,397 shares of the company's stock after purchasing an additional 42,266 shares during the period. ASR Vermogensbeheer N.V.'s holdings in Albertsons Companies were worth $2,418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. West Oak Capital LLC bought a new position in shares of Albertsons Companies in the second quarter valued at $30,000. SVB Wealth LLC bought a new position in shares of Albertsons Companies in the first quarter valued at $32,000. Bessemer Group Inc. bought a new position in shares of Albertsons Companies in the first quarter valued at $40,000. GAMMA Investing LLC grew its stake in shares of Albertsons Companies by 340.1% in the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock valued at $42,000 after buying an additional 1,483 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new position in shares of Albertsons Companies in the second quarter valued at $43,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Trading Up 0.1%

Shares of Albertsons Companies stock opened at $17.38 on Friday. The firm has a 50-day moving average of $18.86 and a 200-day moving average of $20.65. The stock has a market cap of $9.73 billion, a PE ratio of 10.59, a PEG ratio of 1.78 and a beta of 0.49. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20. 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 (NYSE:ACI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. The business had revenue of $24.88 billion during the quarter, compared to the consensus estimate of $24.68 billion. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.Albertsons Companies's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. As a group, sell-side analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, July 25th. This represents a $0.60 annualized dividend and a yield of 3.5%. Albertsons Companies's payout ratio is presently 36.59%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Telsey Advisory Group reissued an "outperform" rating and issued a $24.00 target price on shares of Albertsons Companies in a research note on Thursday. JPMorgan Chase & Co. began coverage on shares of Albertsons Companies in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $27.00 target price for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Albertsons Companies in a research report on Saturday, September 27th. Royal Bank Of Canada reduced their price objective on shares of Albertsons Companies from $23.00 to $21.00 and set an "outperform" rating for the company in a research report on Friday. Finally, UBS Group raised shares of Albertsons Companies from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $22.00 to $27.00 in a research report on Tuesday, July 22nd. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.81.

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.

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