Boston Partners Purchases Shares of 337,470 Albertsons Companies, Inc. $ACI

Key Points

• Boston Partners invested approximately $7.42 million in shares of Albertsons Companies, acquiring 337,470 shares which represent about 0.06% of the company's total stock.
• Albertsons Companies recently announced a quarterly dividend of $0.15 per share, reflecting an annualized yield of 3.1%.
• Research firms have a consensus rating of "Moderate Buy" for Albertsons Companies, with the company's average target price set at $24.06.

Boston Partners bought a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 337,470 shares of the company's stock, valued at approximately $7,422,000. Boston Partners owned 0.06% of Albertsons Companies as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. WealthCollab LLC boosted its position in 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 stake in Albertsons Companies during the first quarter worth approximately $40,000. GAMMA Investing LLC boosted its position in 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 purchasing an additional 1,483 shares during the period. Fifth Third Bancorp boosted its position in 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 purchasing an additional 1,061 shares during the period. Finally, Blue Trust Inc. boosted its position in 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 purchasing an additional 1,685 shares during the period. Institutional investors own 71.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wall Street Zen raised Albertsons Companies from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Barclays started coverage on Albertsons Companies in a research report on Monday, July 21st. They set an "underweight" rating and a $19.00 target price for the company. JPMorgan Chase & Co. started coverage on Albertsons Companies in a report on Wednesday. They set an "overweight" rating and a $27.00 price target for the company. Telsey Advisory Group reiterated an "outperform" rating and set a $24.00 price target on shares of Albertsons Companies in a report on Wednesday, July 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. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.94.

Albertsons Companies Stock Performance

Shares of NYSE ACI traded up $0.1850 during trading hours on Wednesday, reaching $19.6150. The stock had a trading volume of 2,654,230 shares, compared to its average volume of 6,101,210. The business's fifty day moving average is $20.70 and its two-hundred day moving average is $21.19. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. The company has a market cap of $10.98 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 1.97 and a beta of 0.46. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its 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 analyst estimates 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 was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. As a group, research analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, July 25th. Albertsons Companies's dividend payout ratio is 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.