E. Ohman J or Asset Management AB Buys 509,848 Shares of Albertsons Companies, Inc. $ACI

Key Points

• E. Ohman J or Asset Management AB increased its stake in Albertsons Companies, Inc. by 65.9%, holding 1,283,948 shares worth approximately $27.6 million.
• Albertsons reported a Q2 EPS of $0.55, exceeding estimates, with quarterly revenue of $24.88 billion, growing 2.5% year-over-year.
• The company declared a quarterly dividend of $0.15 per share, yielding 3.2%, with a dividend payout ratio of 36.59%.

E. Ohman J or Asset Management AB boosted its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 65.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,283,948 shares of the company's stock after purchasing an additional 509,848 shares during the period. E. Ohman J or Asset Management AB owned about 0.22% of Albertsons Companies worth $27,618,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mason Investment Advisory Services Inc. grew its stake in shares of Albertsons Companies by 0.7% during the first quarter. Mason Investment Advisory Services Inc. now owns 78,062 shares of the company's stock worth $1,717,000 after buying an additional 568 shares during the last quarter. Applied Finance Capital Management LLC grew its position in Albertsons Companies by 5.0% during the 1st quarter. Applied Finance Capital Management LLC now owns 14,517 shares of the company's stock worth $319,000 after acquiring an additional 685 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in Albertsons Companies by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company's stock worth $941,000 after purchasing an additional 891 shares in the last quarter. Parallel Advisors LLC increased its holdings in Albertsons Companies by 33.2% in the 2nd quarter. Parallel Advisors LLC now owns 3,912 shares of the company's stock worth $84,000 after purchasing an additional 976 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in Albertsons Companies by 54.8% in the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock valued at $66,000 after purchasing an additional 1,061 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Stock Performance

Shares of Albertsons Companies stock opened at $18.74 on Monday. The business has a 50-day moving average price of $19.89 and a two-hundred day moving average price of $21.01. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17. The company has a market cap of $10.49 billion, a P/E ratio of 11.43, a PEG ratio of 1.91 and a beta of 0.51.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The company had revenue of $24.88 billion for the quarter, compared to analyst estimates of $24.68 billion. During the same quarter in the prior year, the company earned $0.66 EPS. The firm'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. As a group, analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were given 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 dividend payout ratio (DPR) is 36.59%.

Analyst Ratings Changes

ACI has been the topic of several research reports. Tigress Financial restated a "buy" rating and set a $28.00 price target on shares of Albertsons Companies in a report on Tuesday, July 8th. Barclays assumed coverage on shares of Albertsons Companies in a report on Monday, July 21st. They set an "underweight" rating and a $19.00 target price on the stock. Zacks Research raised shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. JPMorgan Chase & Co. started coverage on shares of Albertsons Companies in a report on Wednesday, August 20th. They set an "overweight" rating and a $27.00 price target on the stock. Finally, UBS Group upgraded Albertsons Companies from a "neutral" rating to a "buy" rating and increased their price objective for the company from $22.00 to $27.00 in a report on Tuesday, July 22nd. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Albertsons Companies has an average rating of "Moderate Buy" and an average price target of $23.94.

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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