Gamco Investors INC. ET AL Sells 22,873 Shares of Albertsons Companies, Inc. $ACI

Key Points

• Gamco Investors INC. ET AL has reduced its holdings in Albertsons Companies, Inc. by 34.1%, selling 22,873 shares and now owning 44,200 shares worth $972,000.
• Albertsons reported a 2.5% year-over-year increase in revenue at $24.88 billion for the latest quarter and achieved earnings per share of $0.55, exceeding analyst expectations.
• The company recently declared a quarterly dividend of $0.15 per share, resulting in an annualized yield of 3.1%, with a payout ratio of 36.59%.

Gamco Investors INC. ET AL reduced its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 34.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,200 shares of the company's stock after selling 22,873 shares during the period. Gamco Investors INC. ET AL's holdings in Albertsons Companies were worth $972,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Albertsons Companies in the first quarter valued at approximately $1,420,000. Bessemer Group Inc. bought a new stake in shares of Albertsons Companies in the first quarter valued at approximately $40,000. Bayesian Capital Management LP bought a new stake in shares of Albertsons Companies in the fourth quarter valued at approximately $232,000. Atlas Capital Advisors Inc. boosted 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 valued at $509,000 after buying an additional 16,375 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Albertsons Companies in the first quarter valued at approximately $323,000. 71.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ACI shares. Tigress Financial restated a "buy" rating and set a $28.00 target price on shares of Albertsons Companies in a research note on Tuesday, July 8th. Barclays started coverage on Albertsons Companies in a research note on Monday, July 21st. They set an "underweight" rating and a $19.00 target price for the company. Zacks Research upgraded 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 Albertsons Companies in a research note on Wednesday, August 20th. They set an "overweight" rating and a $27.00 target price for the company. Finally, UBS Group upgraded Albertsons Companies from a "neutral" rating to a "buy" rating and upped their target price for the stock from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Albertsons Companies has a consensus rating of "Moderate Buy" and an average target price of $23.94.

Albertsons Companies Price Performance

Shares of ACI traded down $0.21 during trading hours on Thursday, reaching $19.11. The stock had a trading volume of 4,739,948 shares, compared to its average volume of 5,007,160. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20. The stock has a market capitalization of $10.70 billion, a PE ratio of 11.65, a PEG ratio of 1.97 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 company's 50-day moving average is $20.23 and its two-hundred day moving average 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 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $24.68 billion. During the same period in the prior year, the company earned $0.66 EPS. Albertsons Companies'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. Research analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

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