Albertsons Companies, Inc. $ACI Position Trimmed by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. drastically reduced its holdings in Albertsons Companies by 93.4%, selling 1,812,365 shares to end the quarter with 128,907 shares valued at approximately $2.83 million.
• Several hedge funds have shown increased interest in Albertsons Companies, with notable acquisitions including Vident Advisory LLC and State of Wyoming increasing their stakes by 84.4% and 106.3%, respectively.
• Analysts have mixed ratings for Albertsons Companies, with UBS Group upgrading the stock to a "buy" and setting a target price of $27.00, while others maintain a "hold" or "sell" rating.

Nomura Holdings Inc. trimmed its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 93.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,907 shares of the company's stock after selling 1,812,365 shares during the period. Nomura Holdings Inc.'s holdings in Albertsons Companies were worth $2,835,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACI. Allspring Global Investments Holdings LLC bought a new stake in shares of Albertsons Companies in the first quarter worth $1,420,000. Bessemer Group Inc. bought a new stake in shares of Albertsons Companies in the first quarter worth $40,000. Bayesian Capital Management LP bought a new stake in shares of Albertsons Companies in the fourth quarter worth $232,000. Atlas Capital Advisors Inc. increased its stake in shares of Albertsons Companies by 241.6% in the first quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company's stock worth $509,000 after buying an additional 16,375 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Albertsons Companies in the first quarter worth $323,000. Institutional investors own 71.35% of the company's stock.

Albertsons Companies Trading Down 0.3%

NYSE ACI traded down $0.06 on Friday, hitting $19.04. 4,586,677 shares of the company were exchanged, compared to its average volume of 5,000,216. The company's 50 day moving average price is $20.19 and its 200-day moving average price is $21.06. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. The firm has a market capitalization of $10.66 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.95 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 posted its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $24.88 billion for 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 business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. Analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, July 25th. Albertsons Companies's payout ratio is presently 36.59%.

Wall Street Analysts Forecast Growth

ACI has been the subject of a number of research analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $24.00 price target on shares of Albertsons Companies in a research note on Wednesday, July 16th. Zacks Research raised shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Wall Street Zen cut shares of Albertsons Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. UBS Group upgraded shares of Albertsons Companies from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Finally, Tigress Financial reiterated a "buy" rating and issued a $28.00 price target on shares of Albertsons Companies in a research report on Tuesday, July 8th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Albertsons Companies has a consensus rating of "Moderate Buy" and a consensus target price of $23.94.

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.