Interval Partners LP Boosts Stock Position in Albertsons Companies, Inc. $ACI

Key Points

• Interval Partners LP increased its stake in Albertsons Companies, Inc. by 30% in the first quarter, owning approximately $43.15 million worth of shares, making it the company's 20th largest position.
• Albertsons reported a net margin of 1.18% and earnings of $0.55 per share, surpassing analysts' expectations and demonstrating a 2.5% increase in revenue year-over-year.
• The company recently declared a quarterly dividend of $0.15 per share, reflecting an annualized yield of 3.1% and a payout ratio of 36.59%.

Interval Partners LP lifted its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 30.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,962,404 shares of the company's stock after purchasing an additional 452,653 shares during the quarter. Albertsons Companies comprises approximately 0.9% of Interval Partners LP's portfolio, making the stock its 20th biggest position. Interval Partners LP owned about 0.34% of Albertsons Companies worth $43,153,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ACI. AQR Capital Management LLC raised its stake in shares of Albertsons Companies by 1,601.1% during the first quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company's stock worth $103,807,000 after purchasing an additional 4,451,250 shares during the last quarter. Southeastern Asset Management Inc. TN raised its stake in shares of Albertsons Companies by 108.0% during the fourth 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 shares of Albertsons Companies by 52.9% during the first 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 during the last quarter. Apollo Management Holdings L.P. raised its stake in shares of Albertsons Companies by 174.1% during the first quarter. Apollo Management Holdings L.P. now owns 2,930,000 shares of the company's stock worth $64,431,000 after purchasing an additional 1,861,000 shares during the last quarter. Finally, Amundi raised its position in Albertsons Companies by 118.8% in the first quarter. Amundi now owns 3,227,851 shares of the company's stock worth $73,164,000 after acquiring an additional 1,752,393 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ACI shares. Roth Capital reiterated a "buy" rating and issued a $24.00 price objective (up previously from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Wall Street Zen upgraded Albertsons Companies from a "hold" rating to a "buy" rating in a research report on Sunday. JPMorgan Chase & Co. started coverage on Albertsons Companies in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $27.00 price objective for the company. Barclays started coverage on Albertsons Companies in a research report on Monday, July 21st. They issued an "underweight" rating and a $19.00 price objective for the company. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $24.00 price objective on shares of Albertsons Companies in a research report on Wednesday, July 16th. Eleven research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.94.

Albertsons Companies Price Performance

Shares of ACI stock traded down $0.06 during mid-day trading on Friday, reaching $19.04. The stock had a trading volume of 4,586,677 shares, compared to its average volume of 4,989,272. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20. The company has a market cap of $10.66 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.94 and a beta of 0.51. The business has a 50-day simple moving average of $20.19 and a 200 day simple moving average of $21.07. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share 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 business had revenue of $24.88 billion during the quarter, compared to analysts' expectations of $24.68 billion. During the same quarter last year, the business posted $0.66 earnings per share. The business's revenue for the quarter 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 anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, July 25th. 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.