Asset Management One Co. Ltd. Sells 197,338 Shares of Albertsons Companies, Inc. $ACI

Key Points

• Asset Management One cut its Albertsons stake by 91.7%, selling 197,338 shares and leaving 17,935 shares valued at about $310,000.
• Analysts have trimmed price targets and the stock holds a consensus rating of "Hold" with a consensus target price of $21.31.
• Albertsons raised its quarterly dividend to $0.17 (a 4.1% yield), but the payout ratio is a high 187.5%, signaling potential sustainability concerns.

Asset Management One Co. Ltd. decreased its position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 91.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,935 shares of the company's stock after selling 197,338 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Albertsons Companies were worth $310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC acquired a new stake in shares of Albertsons Companies in the 3rd quarter valued at $1,492,000. Towle & Co. lifted its stake in shares of Albertsons Companies by 674.2% in the 3rd quarter. Towle & Co. now owns 339,227 shares of the company's stock valued at $5,940,000 after acquiring an additional 295,413 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Albertsons Companies in the 3rd quarter valued at $2,307,000. AGF Management Ltd. bought a new position in shares of Albertsons Companies in the 3rd quarter valued at $2,955,000. Finally, Savoir Faire Capital Management L.P. raised its position in Albertsons Companies by 261.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 375,653 shares of the company's stock worth $6,578,000 after purchasing an additional 271,620 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Wall Street Analyst Weigh In

ACI has been the subject of several analyst reports. Telsey Advisory Group lowered their target price on Albertsons Companies from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, January 8th. Wells Fargo & Company reduced their target price on Albertsons Companies from $23.00 to $21.00 and set an "overweight" rating for the company in a research note on Thursday, January 8th. Citigroup cut their price target on Albertsons Companies from $26.00 to $22.00 and set a "buy" rating for the company in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft initiated coverage on Albertsons Companies in a research note on Thursday, January 8th. They set a "hold" rating for the company. Finally, BMO Capital Markets dropped their target price on shares of Albertsons Companies from $25.00 to $23.00 and set an "outperform" rating on the stock in a research report on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.31.

Albertsons Companies Price Performance

Shares of ACI opened at $16.61 on Friday. The firm's 50-day simple moving average is $17.34 and its two-hundred day simple moving average is $17.56. Albertsons Companies, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $22.78. The company has a debt-to-equity ratio of 4.58, a quick ratio of 0.20 and a current ratio of 0.86. The stock has a market cap of $8.53 billion, a PE ratio of 51.89, a price-to-earnings-growth ratio of 1.93 and a beta of 0.45.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.05. Albertsons Companies had a net margin of 0.26% and a return on equity of 42.75%. The firm had revenue of $20.25 billion for the quarter, compared to analysts' expectations of $20.49 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The business's revenue for the quarter was up 7.7% on a year-over-year basis. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. Analysts anticipate that Albertsons Companies, Inc. will post 2.11 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 24th will be issued a $0.17 dividend. This is an increase from Albertsons Companies's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, April 24th. Albertsons Companies's dividend payout ratio is 187.50%.

Albertsons Companies Profile

Albertsons Companies, Inc NYSE: ACI is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company's retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.

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