Inspire Investing LLC Invests $800,000 in Albertsons Companies, Inc. $ACI

Key Points

• Inspire Investing LLC has made a new investment, purchasing 36,396 shares of Albertsons Companies, valued at approximately $800,000.
• Analysts have provided a generally positive outlook on Albertsons, with an average rating of "Moderate Buy" and a consensus target price of $23.94.
• Albertsons recently declared a quarterly dividend of $0.15 per share, with an annualized dividend yield of 3.2%.

Inspire Investing LLC purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 36,396 shares of the company's stock, valued at approximately $800,000.

A number of other hedge funds have also bought and sold shares of ACI. The Manufacturers Life Insurance Company raised its stake in Albertsons Companies by 186.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 30,984 shares of the company's stock worth $609,000 after buying an additional 20,161 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Albertsons Companies during the fourth quarter worth $269,000. Ameriprise Financial Inc. raised its stake in Albertsons Companies by 136.2% during the fourth quarter. Ameriprise Financial Inc. now owns 180,861 shares of the company's stock worth $3,552,000 after buying an additional 104,302 shares during the last quarter. Cetera Investment Advisers raised its stake in Albertsons Companies by 142.9% during the fourth quarter. Cetera Investment Advisers now owns 59,584 shares of the company's stock worth $1,170,000 after buying an additional 35,051 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Albertsons Companies during the fourth quarter worth $341,000. Institutional investors own 71.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Albertsons Companies in a research note on Wednesday, August 20th. They set an "overweight" rating and a $27.00 target price for the company. Wall Street Zen raised shares of Albertsons Companies from a "hold" rating to a "buy" rating in a research note on Sunday, September 7th. UBS Group raised shares of Albertsons Companies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Barclays assumed coverage on shares of Albertsons Companies in a research note on Monday, July 21st. They issued an "underweight" rating and a $19.00 price target for the company. Finally, Roth Capital reaffirmed a "buy" rating and issued a $24.00 price target (up from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Albertsons Companies has an average rating of "Moderate Buy" and a consensus price target of $23.94.

Albertsons Companies Stock Up 0.1%

Shares of NYSE ACI opened at $18.74 on Friday. The stock has a market capitalization of $10.49 billion, a P/E ratio of 11.43, a P/E/G ratio of 1.91 and a beta of 0.51. The company has a 50-day moving average price of $19.89 and a 200-day moving average price of $21.00. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. 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 (NYSE:ACI - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $24.88 billion during the quarter, compared to analysts' expectations of $24.68 billion. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The business's revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, equities research analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

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

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.

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