Inspire Investing LLC Purchases New Position 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 Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 36,396 shares of the company's stock, valued at approximately $800,000.

Several other large investors have also modified their holdings of ACI. Mason Investment Advisory Services Inc. increased its holdings in shares of Albertsons Companies by 0.7% during the 1st quarter. Mason Investment Advisory Services Inc. now owns 78,062 shares of the company's stock worth $1,717,000 after purchasing an additional 568 shares during the period. Applied Finance Capital Management LLC increased its holdings in Albertsons Companies by 5.0% in the 1st quarter. Applied Finance Capital Management LLC now owns 14,517 shares of the company's stock valued at $319,000 after buying an additional 685 shares during the period. Nissay Asset Management Corp Japan ADV raised its stake in shares of Albertsons Companies by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company's stock valued at $941,000 after buying an additional 891 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Albertsons Companies by 54.8% during the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock valued at $66,000 after acquiring an additional 1,061 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in Albertsons Companies by 8.7% in the first quarter. Private Advisor Group LLC now owns 16,582 shares of the company's stock valued at $365,000 after acquiring an additional 1,324 shares during the period. 71.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ACI. 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. Wall Street Zen downgraded shares of Albertsons Companies from a "buy" rating to a "hold" rating in a research note on Monday. 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 for the company. JPMorgan Chase & Co. began coverage on Albertsons Companies in a report on Wednesday, August 20th. They issued an "overweight" rating and a $27.00 target price on the stock. Finally, Roth Capital reissued a "buy" rating and issued a $24.00 price objective (up previously from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Albertsons Companies has a consensus rating of "Moderate Buy" and an average target price of $23.94.

Albertsons Companies Trading Down 0.0%

NYSE:ACI traded down $0.01 on Thursday, hitting $18.39. 1,497,341 shares of the stock were exchanged, compared to its average volume of 6,039,402. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $23.20. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 1.88 and a beta of 0.51. The company's 50-day moving average price is $19.65 and its 200 day moving average price is $20.95.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The business had revenue of $24.88 billion during the quarter, compared to the consensus estimate of $24.68 billion. During the same period in the previous year, the firm 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 forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, July 25th. Albertsons Companies's dividend payout ratio (DPR) is currently 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.