Albertsons Companies, Inc. $ACI Shares Bought by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its stake in Albertsons Companies by 18.9%, owning a total of 240,944 shares worth approximately $5.29 million as of the latest SEC filing.
• Several institutional investors significantly boosted their positions in Albertsons, with Southeastern Asset Management increasing its stake by 108% to 5,766,719 shares valued at $113.26 million.
• Albertsons recently reported a quarterly earnings per share of $0.55, exceeding estimates, and resulted in an annualized dividend of $0.60, reflecting a yield of 3.0%.

Hsbc Holdings PLC boosted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 18.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,944 shares of the company's stock after acquiring an additional 38,314 shares during the period. Hsbc Holdings PLC's holdings in Albertsons Companies were worth $5,293,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mason Investment Advisory Services Inc. raised its holdings in Albertsons Companies by 0.7% in the first quarter. Mason Investment Advisory Services Inc. now owns 78,062 shares of the company's stock valued at $1,717,000 after acquiring an additional 568 shares in the last quarter. Applied Finance Capital Management LLC raised its holdings in Albertsons Companies by 5.0% during the first quarter. Applied Finance Capital Management LLC now owns 14,517 shares of the company's stock worth $319,000 after purchasing an additional 685 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in Albertsons Companies by 1.9% during the fourth 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. Fifth Third Bancorp raised its holdings in Albertsons Companies by 54.8% during the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock worth $66,000 after purchasing an additional 1,061 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings in Albertsons Companies by 4.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 24,765 shares of the company's stock worth $486,000 after purchasing an additional 1,153 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Price Performance

Shares of NYSE ACI traded up $0.20 during trading on Friday, hitting $19.46. 4,528,832 shares of the company were exchanged, compared to its average volume of 6,079,998. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 1.99 and a beta of 0.46. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The firm's fifty day moving average price is $20.46 and its 200 day moving average price is $21.14.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $24.88 billion during the quarter, compared to the consensus estimate of $24.68 billion. During the same quarter in the previous year, the company posted $0.66 EPS. The business's revenue was up 2.5% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, sell-side analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Telsey Advisory Group restated an "outperform" rating and set a $24.00 target price on shares of Albertsons Companies in a research report on Wednesday, July 16th. Barclays assumed coverage on shares of Albertsons Companies in a research report on Monday, July 21st. They set an "underweight" rating and a $19.00 target price on the stock. Wall Street Zen upgraded shares of Albertsons Companies from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Tigress Financial restated a "buy" rating and set a $28.00 target price on shares of Albertsons Companies in a research report on Tuesday, July 8th. Finally, BMO Capital Markets upgraded shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $19.00 to $25.00 in a research report on Wednesday, May 7th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Albertsons Companies has a consensus rating of "Moderate Buy" and an average 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.