Martingale Asset Management L P Sells 34,000 Shares of Albertsons Companies, Inc. $ACI

Key Points

• Martingale Asset Management L P reduced its stake in Albertsons Companies, Inc. by 4.6%, holding 709,942 shares worth approximately $15.61 million.
• Albertsons recently reported a quarterly earnings per share (EPS) of $0.55, surpassing estimates and showing a 2.5% increase in revenue year-over-year, totaling $24.88 billion.
• The company declared a quarterly dividend of $0.15, equating to an annualized dividend of $0.60 and a yield of 3.0%, with a payout ratio of 36.59%.

Martingale Asset Management L P lessened its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 709,942 shares of the company's stock after selling 34,000 shares during the period. Martingale Asset Management L P owned 0.12% of Albertsons Companies worth $15,612,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ACI. Mason Investment Advisory Services Inc. increased its position in Albertsons Companies by 0.7% during the 1st quarter. Mason Investment Advisory Services Inc. now owns 78,062 shares of the company's stock valued at $1,717,000 after purchasing an additional 568 shares during the period. Applied Finance Capital Management LLC increased its position in shares of 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 buying an additional 685 shares during the period. Nissay Asset Management Corp Japan ADV raised its stake 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 buying an additional 891 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Albertsons Companies by 54.8% in the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock valued at $66,000 after buying an additional 1,061 shares during the period. Finally, Rehmann Capital Advisory Group boosted its position in Albertsons Companies by 4.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 24,765 shares of the company's stock valued at $486,000 after acquiring an additional 1,153 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ACI shares. UBS Group upgraded Albertsons Companies from a "neutral" rating to a "buy" rating and increased their price target for the stock from $22.00 to $27.00 in a report on Tuesday, July 22nd. JPMorgan Chase & Co. assumed coverage on shares of Albertsons Companies in a research note on Wednesday. They set an "overweight" rating and a $27.00 target price on the stock. BMO Capital Markets upgraded shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $19.00 to $25.00 in a report on Wednesday, May 7th. Roth Capital reiterated a "buy" rating and issued a $24.00 price target (up previously from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $24.00 target price on shares of Albertsons Companies in a report on Wednesday, July 16th. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Albertsons Companies has a consensus rating of "Moderate Buy" and an average target price of $23.94.

Albertsons Companies Stock Performance

NYSE ACI traded up $0.0480 during trading hours on Friday, reaching $19.5080. 4,186,947 shares of the company were exchanged, compared to its average volume of 5,575,836. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The business's 50 day simple moving average is $20.60 and its 200-day simple moving average is $21.18. The stock has a market capitalization of $10.92 billion, a P/E ratio of 11.90, a P/E/G ratio of 1.99 and a beta of 0.46. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 2.17.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $0.55 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 last year, the company earned $0.66 EPS. The firm's revenue 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 expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders 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 dividend yield of 3.1%. Albertsons Companies's dividend payout ratio (DPR) is 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.