Fjarde AP Fonden Fourth Swedish National Pension Fund Has $1.03 Million Stock Holdings in Albertsons Companies, Inc. $ACI

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund sold 32,000 shares of Albertsons Companies, Inc., reducing its holdings by 40.6%, now owning 46,773 shares valued at approximately $1,029,000.
• Albertsons reported a quarterly EPS of $0.55, beating estimates, while revenues increased by 2.5% year-over-year, totaling $24.88 billion.
• The company announced a quarterly dividend of $0.15 per share, equating to an annualized yield of 3.1%, with a payout ratio of 36.59%.

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 40.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,773 shares of the company's stock after selling 32,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Albertsons Companies were worth $1,029,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WealthCollab LLC grew its holdings in Albertsons Companies by 446.0% in the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after buying an additional 1,454 shares in the last quarter. Bessemer Group Inc. bought a new position in Albertsons Companies in the 1st quarter worth approximately $40,000. GAMMA Investing LLC grew its holdings in Albertsons Companies by 340.1% in 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 in the last quarter. Fifth Third Bancorp grew its holdings in Albertsons Companies by 54.8% in 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 in the last quarter. Finally, Blue Trust Inc. grew its holdings in Albertsons Companies by 100.0% in the 1st quarter. Blue Trust Inc. now owns 3,370 shares of the company's stock worth $74,000 after buying an additional 1,685 shares in the last quarter. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Stock Up 0.1%

Shares of ACI traded up $0.0150 during mid-day trading on Friday, reaching $19.4750. The company's stock had a trading volume of 1,739,290 shares, compared to its average volume of 6,083,473. The business has a fifty day moving average of $20.63 and a 200 day moving average of $21.18. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 2.02 and a beta of 0.46. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 2.17.

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

Albertsons Companies Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ACI shares. Roth Capital reissued a "buy" rating and issued a $24.00 price objective (up from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. UBS Group raised Albertsons Companies from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $22.00 to $27.00 in a report on Tuesday, July 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $24.00 price target on shares of Albertsons Companies in a research note on Wednesday, July 16th. Wall Street Zen raised Albertsons Companies from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Barclays initiated coverage on Albertsons Companies in a research note on Monday, July 21st. They set an "underweight" rating and a $19.00 price target for the company. Eleven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Albertsons Companies presently has an average rating of "Moderate Buy" and a consensus target price 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.