140,393 Shares in Albertsons Companies, Inc. $ACI Acquired by Ieq Capital LLC

Key Points

• Ieq Capital LLC has acquired 140,393 shares of Albertsons Companies, valued at approximately $3.1 million, during the first quarter of this year.
• The company's recent quarterly earnings report showed $24.88 billion in revenue and earnings per share of $0.55, slightly surpassing analyst estimates.
• Albertsons Companies announced a quarterly dividend of $0.15 per share, translating to an annualized dividend yield of 3.1%.

Ieq Capital LLC purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 140,393 shares of the company's stock, valued at approximately $3,087,000.

Several other hedge funds have also added to or reduced their stakes in ACI. Southeastern Asset Management Inc. TN lifted its holdings in Albertsons Companies by 108.0% during the 4th quarter. Southeastern Asset Management Inc. TN now owns 5,766,719 shares of the company's stock worth $113,258,000 after purchasing an additional 2,993,988 shares during the last quarter. LSV Asset Management raised its stake in Albertsons Companies by 52.9% in the 1st quarter. LSV Asset Management now owns 7,873,039 shares of the company's stock worth $173,128,000 after purchasing an additional 2,724,576 shares in the last quarter. Parsifal Capital Management LP raised its stake in Albertsons Companies by 19.4% in the 4th quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company's stock worth $200,423,000 after purchasing an additional 1,657,981 shares in the last quarter. Deutsche Bank AG raised its stake in Albertsons Companies by 205.2% in the 4th quarter. Deutsche Bank AG now owns 2,438,095 shares of the company's stock worth $47,884,000 after purchasing an additional 1,639,190 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Albertsons Companies by 166.8% in the 1st quarter. Invesco Ltd. now owns 2,568,841 shares of the company's stock worth $56,489,000 after purchasing an additional 1,605,993 shares in the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on ACI shares. BMO Capital Markets raised Albertsons Companies from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $19.00 to $25.00 in a report on Wednesday, May 7th. UBS Group raised Albertsons Companies from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $22.00 to $27.00 in a report on Tuesday, July 22nd. Barclays assumed coverage on Albertsons Companies in a report on Monday, July 21st. They issued an "underweight" rating and a $19.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Albertsons Companies in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $27.00 target price for the company. Finally, Zacks Research upgraded shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Albertsons Companies presently has a consensus rating of "Moderate Buy" and an average price target of $23.94.

Albertsons Companies Trading Down 1.5%

Shares of ACI stock traded down $0.30 on Thursday, hitting $19.02. The company had a trading volume of 2,331,336 shares, compared to its average volume of 6,051,324. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20. 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 stock's 50-day moving average is $20.27 and its two-hundred day moving average is $21.09. The firm has a market cap of $10.65 billion, a P/E ratio of 11.59, a P/E/G ratio of 1.98 and a beta of 0.51.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. 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 posted $0.66 earnings per share. Albertsons Companies's revenue for the quarter 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. On average, equities research analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

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

About Albertsons Companies

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.