80,955 Shares in Albertsons Companies, Inc. $ACI Bought by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec has acquired a new stake in Albertsons Companies, purchasing 80,955 shares valued at approximately $1,780,000 during the first quarter.
• Albertsons reported $0.55 EPS for the last quarter, surpassing analysts' expectations, and noted a 2.5% year-over-year revenue growth to $24.88 billion.
• Several equities analysts have set varied price targets for Albertsons, with Roth Capital projecting a target of $24.00 and Barclays setting a lower limit of $19.00.

Caisse DE Depot ET Placement DU Quebec bought a new position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 80,955 shares of the company's stock, valued at approximately $1,780,000.

Several other hedge funds have also recently bought and sold shares of ACI. SVB Wealth LLC acquired a new position in Albertsons Companies in the first quarter worth $32,000. Bessemer Group Inc. acquired a new position in Albertsons Companies during the 1st quarter worth $40,000. GAMMA Investing LLC boosted its position in Albertsons Companies by 340.1% in the 1st 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 during the last quarter. Brooklyn Investment Group raised its position in shares of Albertsons Companies by 48,840.0% during the first quarter. Brooklyn Investment Group now owns 2,447 shares of the company's stock worth $54,000 after acquiring an additional 2,442 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of 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 acquiring an additional 1,061 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Stock Down 0.2%

NYSE:ACI traded down $0.05 during trading hours on Thursday, reaching $19.27. 608,886 shares of the stock were exchanged, compared to its average volume of 6,042,513. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20. The stock has a market cap of $10.79 billion, a PE ratio of 11.75, a PEG ratio of 1.98 and a beta of 0.51. The firm has a 50 day moving average of $20.27 and a 200 day moving average of $21.09.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The business had revenue of $24.88 billion for the quarter, compared to analyst estimates of $24.68 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, equities analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Zacks Research upgraded Albertsons Companies from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Tigress Financial reaffirmed a "buy" rating and set a $28.00 target price on shares of Albertsons Companies in a report on Tuesday, July 8th. Roth Capital reissued a "buy" rating and issued a $24.00 price target (up previously from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. BMO Capital Markets raised Albertsons Companies from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $19.00 to $25.00 in a research note on Wednesday, May 7th. Finally, Wall Street Zen lowered Albertsons Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $23.94.

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.