Albertsons Companies, Inc. $ACI Shares Sold by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Albertsons Companies, Inc. by 52.6%, now holding 265,200 shares valued at approximately $5.83 million.
• Albertsons reported a quarterly earnings per share (EPS) of $0.55, beating analysts' expectations, and projected a FY 2025 guidance of 2.030-2.160 EPS.
• Stock analysts have a consensus rating of "Moderate Buy" for Albertsons, with a price target averaging $23.94.

Canada Pension Plan Investment Board lowered its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 52.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,200 shares of the company's stock after selling 294,400 shares during the period. Canada Pension Plan Investment Board's holdings in Albertsons Companies were worth $5,832,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Albertsons Companies during the first quarter valued at approximately $1,420,000. Bessemer Group Inc. purchased a new stake in shares of Albertsons Companies during the first quarter valued at approximately $40,000. Bayesian Capital Management LP purchased a new stake in shares of Albertsons Companies during the fourth quarter valued at approximately $232,000. Atlas Capital Advisors Inc. increased its stake in shares of Albertsons Companies by 241.6% in the first quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company's stock worth $509,000 after buying an additional 16,375 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Albertsons Companies in the first quarter worth $323,000. Hedge funds and other institutional investors own 71.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. UBS Group upgraded shares of Albertsons Companies from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Wall Street Zen upgraded shares of Albertsons Companies from a "hold" rating to a "buy" rating in a research note on Sunday. Zacks Research upgraded shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Tigress Financial reiterated a "buy" rating and set a $28.00 target price on shares of Albertsons Companies in a research note on Tuesday, July 8th. Finally, Barclays assumed coverage on shares of Albertsons Companies in a research note on Monday, July 21st. They set an "underweight" rating and a $19.00 target price for the company. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Albertsons Companies presently has an average rating of "Moderate Buy" and a consensus price target of $23.94.

Albertsons Companies Stock Performance

Shares of ACI traded down $0.06 during midday trading on Friday, hitting $19.04. 4,586,677 shares of the stock traded hands, compared to its average volume of 5,000,216. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20. The firm has a market capitalization of $10.66 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.94 and a beta of 0.51. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82. The business's 50 day moving average price is $20.19 and its two-hundred day moving average price is $21.07.

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

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were issued 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 dividend yield of 3.2%. Albertsons Companies's payout ratio is 36.59%.

Albertsons Companies 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.