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 raised its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 65.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,283,948 shares of the company's stock after acquiring an additional 509,848 shares during the quarter. 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 reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ACI. SVB Wealth LLC acquired a new position in shares of Albertsons Companies during the 1st quarter worth approximately $32,000. Bessemer Group Inc. bought a new position in Albertsons Companies in the 1st quarter valued at approximately $40,000. GAMMA Investing LLC lifted its stake 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 purchasing an additional 1,483 shares during the last quarter. Plato Investment Management Ltd bought a new position in Albertsons Companies in the 1st quarter valued at approximately $53,000. Finally, Brooklyn Investment Group raised its stake 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 valued at $54,000 after acquiring an additional 2,442 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Stock Down 2.5%

NYSE:ACI traded down $0.47 during trading hours on Friday, reaching $17.87. The company had a trading volume of 2,138,084 shares, compared to its average volume of 6,035,313. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 2.17. The firm has a market cap of $10.00 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 1.87 and a beta of 0.51. The business's 50-day simple moving average is $19.57 and its two-hundred day simple moving average is $20.93. 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 posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The business had revenue of $24.88 billion during the quarter, compared to analysts' expectations of $24.68 billion. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $0.66 earnings per share. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ACI shares. Wall Street Zen downgraded shares of Albertsons Companies from a "buy" rating to a "hold" rating in a research note on Monday. UBS Group raised shares of Albertsons Companies from a "neutral" rating to a "buy" rating and raised their price target for the company from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Roth Capital reissued a "buy" rating and set a $24.00 target price (up previously from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Telsey Advisory Group reissued an "outperform" rating and set a $24.00 target price on shares of Albertsons Companies in a research note on Wednesday, July 16th. Finally, Tigress Financial reissued a "buy" rating and set a $28.00 target price on shares of Albertsons Companies in a research note on Tuesday, July 8th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $23.94.

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.