Albertsons Companies, Inc. $ACI Shares Bought by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Albertsons Companies by 13.1%, purchasing 22,861 additional shares worth approximately $4.345 million.
• Major institutional investors have also increased their holdings in Albertsons, with Vanguard Group acquiring over $821 million worth of shares.
• Analysts have a positive outlook on Albertsons, with upgrades and a consensus average target price of $23.94 despite some varied ratings from investment firms.

Federation des caisses Desjardins du Quebec increased its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 13.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 197,577 shares of the company's stock after buying an additional 22,861 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Albertsons Companies were worth $4,345,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. SVB Wealth LLC bought a new position in Albertsons Companies during the 1st quarter worth approximately $32,000. Bessemer Group Inc. bought a new position in Albertsons Companies during the 1st quarter worth approximately $40,000. GAMMA Investing LLC lifted its holdings in Albertsons Companies by 340.1% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after buying an additional 1,483 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Albertsons Companies by 48,840.0% during the 1st quarter. Brooklyn Investment Group now owns 2,447 shares of the company's stock worth $54,000 after buying an additional 2,442 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Albertsons Companies by 54.8% during the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock worth $66,000 after buying 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

ACI traded down $0.25 during trading hours on Wednesday, hitting $18.49. The company's stock had a trading volume of 651,053 shares, compared to its average volume of 6,032,920. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week 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 firm has a market capitalization of $10.35 billion, a PE ratio of 11.28, a PEG ratio of 1.96 and a beta of 0.51. The company has a 50-day simple moving average of $20.08 and a 200 day simple moving average of $21.04.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted 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 firm had revenue of $24.88 billion for the quarter, compared to analysts' expectations of $24.68 billion. During the same period last year, the firm earned $0.66 EPS. The firm's revenue 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, sell-side analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, July 25th. Albertsons Companies's dividend payout ratio (DPR) is currently 36.59%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays assumed coverage on 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 Albertsons Companies from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Wall Street Zen raised Albertsons Companies from a "hold" rating to a "buy" rating in a report on Sunday. JPMorgan Chase & Co. started coverage on Albertsons Companies in a report on Wednesday, August 20th. They issued an "overweight" rating and a $27.00 price target on the stock. Finally, 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 report on Wednesday, July 16th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from 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.