14,768 Shares in Albertsons Companies, Inc. $ACI Purchased by Meiji Yasuda Asset Management Co Ltd.

Key Points

• Meiji Yasuda Asset Management Co Ltd. has invested approximately $325,000 in Albertsons Companies, Inc. by acquiring 14,768 shares in the first quarter.
• Multiple institutional investors have increased their stakes in Albertsons, leading to a combined ownership of 71.35% of the company's stock.
• Albertsons reported a quarterly earnings per share (EPS) of $0.55, surpassing analyst expectations, and announced a dividend of $0.15 per share, yielding 3.2% annually.

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,768 shares of the company's stock, valued at approximately $325,000.

A number of other institutional investors have also modified their holdings of 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 worth $1,717,000 after purchasing an additional 568 shares in the last quarter. Applied Finance Capital Management LLC increased its position in Albertsons Companies by 5.0% during the 1st quarter. Applied Finance Capital Management LLC now owns 14,517 shares of the company's stock worth $319,000 after purchasing an additional 685 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in Albertsons Companies by 1.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company's stock worth $941,000 after purchasing an additional 891 shares in the last quarter. Fifth Third Bancorp increased its position in Albertsons Companies by 54.8% during the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock worth $66,000 after purchasing an additional 1,061 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in Albertsons Companies by 8.7% during the 1st quarter. Private Advisor Group LLC now owns 16,582 shares of the company's stock worth $365,000 after purchasing an additional 1,324 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on ACI shares. Tigress Financial reiterated a "buy" rating and issued a $28.00 price target on shares of Albertsons Companies in a report on Tuesday, July 8th. Wall Street Zen downgraded Albertsons Companies from a "buy" rating to a "hold" rating in a report on Monday. Barclays started coverage on Albertsons Companies in a report on Monday, July 21st. They issued an "underweight" rating and a $19.00 price target for the company. JPMorgan Chase & Co. started coverage on Albertsons Companies in a report on Wednesday, August 20th. They issued an "overweight" rating and a $27.00 price target for the company. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $24.00 price target on shares of Albertsons Companies in a report on Wednesday, July 16th. 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.94.

Albertsons Companies Stock Down 0.1%

Shares of Albertsons Companies stock traded down $0.02 during trading hours on Wednesday, hitting $18.43. 806,981 shares of the company's stock traded hands, compared to its average volume of 6,030,258. The stock has a 50 day simple moving average of $19.73 and a 200-day simple moving average of $20.97. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 2.17. The company has a market cap of $10.32 billion, a PE ratio of 11.24, a PEG ratio of 1.88 and a beta of 0.51. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $24.88 billion during the quarter, compared to the consensus estimate of $24.68 billion. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The company's revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. 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 company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, July 25th. Albertsons Companies's dividend payout ratio (DPR) is 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.