MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $7.80 Million Holdings in Albertsons Companies, Inc. $ACI

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Albertsons Companies, acquiring an additional 69,694 shares and boosting its total holdings by 24.4%.
• Albertsons Companies reported a net margin of 1.18% and quarterly revenue growth of 2.5% year-over-year, achieving earnings of $0.55 per share, surpassing the analysts' expectations.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with an average target price of $23.94.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 24.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 354,777 shares of the company's stock after buying an additional 69,694 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Albertsons Companies worth $7,802,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Mason Investment Advisory Services Inc. lifted its stake in Albertsons Companies by 0.7% in the first quarter. Mason Investment Advisory Services Inc. now owns 78,062 shares of the company's stock valued at $1,717,000 after buying an additional 568 shares during the last quarter. Applied Finance Capital Management LLC lifted its stake in Albertsons Companies by 5.0% in the first 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 last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Albertsons Companies by 1.9% in the fourth 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 during the last quarter. Fifth Third Bancorp lifted its stake 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 last quarter. Finally, Private Advisor Group LLC lifted 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 buying an additional 1,324 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors.

Albertsons Companies Price Performance

Albertsons Companies stock traded up $0.05 during midday trading on Tuesday, hitting $18.45. The company's stock had a trading volume of 7,982,686 shares, compared to its average volume of 5,029,985. 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 stock's 50-day moving average price is $19.73 and its 200-day moving average price is $20.97. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20. The company has a market capitalization of $10.33 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.88 and a beta of 0.51.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly 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 net margin of 1.18% and a return on equity of 37.92%. The firm had revenue of $24.88 billion for the quarter, compared to analysts' expectations of $24.68 billion. During the same period in the previous year, the business earned $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. Analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were given a $0.15 dividend. The ex-dividend date was Friday, July 25th. This represents a $0.60 annualized dividend and a yield of 3.3%. Albertsons Companies's payout ratio is 36.59%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ACI shares. Roth Capital reiterated a "buy" rating and issued a $24.00 target price (up from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Wall Street Zen cut Albertsons Companies from a "buy" rating to a "hold" rating in a research note on Monday. Zacks Research upgraded shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Telsey Advisory Group restated an "outperform" rating and set a $24.00 price objective on shares of Albertsons Companies in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Albertsons Companies in a research note on Wednesday, August 20th. They set an "overweight" rating and a $27.00 price objective on the stock. 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $23.94.

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.