484,280 Shares in Albertsons Companies, Inc. $ACI Bought by Nuveen LLC

Key Points

• Nuveen LLC has invested approximately $10.65 million in 484,280 shares of Albertsons Companies, representing about 0.08% ownership of the company.
• Albertsons reported a 2.5% year-over-year increase in revenue, totaling $24.88 billion, and beat analysts' earnings expectations with $0.55 per share.
• The company declared a quarterly dividend of $0.15, indicating a 3.1% dividend yield and a payout ratio of 36.59%.

Nuveen LLC acquired a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 484,280 shares of the company's stock, valued at approximately $10,649,000. Nuveen LLC owned 0.08% of Albertsons Companies at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Albertsons Companies by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 37,374,669 shares of the company's stock worth $821,869,000 after buying an additional 1,064,547 shares during the period. Parsifal Capital Management LP grew its holdings in shares of Albertsons Companies by 19.4% in the 4th quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company's stock valued at $200,423,000 after acquiring an additional 1,657,981 shares in the last quarter. LSV Asset Management grew its holdings in shares of Albertsons Companies by 52.9% in the 1st quarter. LSV Asset Management now owns 7,873,039 shares of the company's stock valued at $173,128,000 after acquiring an additional 2,724,576 shares in the last quarter. Southeastern Asset Management Inc. TN grew its holdings in shares of Albertsons Companies by 108.0% in the 4th quarter. Southeastern Asset Management Inc. TN now owns 5,766,719 shares of the company's stock valued at $113,258,000 after acquiring an additional 2,993,988 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Albertsons Companies by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,636,732 shares of the company's stock valued at $91,064,000 after acquiring an additional 167,725 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Price Performance

Shares of NYSE ACI traded up $0.10 during midday trading on Wednesday, reaching $19.50. The company's stock had a trading volume of 3,545,939 shares, compared to its average volume of 6,077,591. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The business's 50 day moving average price is $20.53 and its two-hundred day moving average price is $21.16. The company has a market cap of $10.92 billion, a P/E ratio of 11.89, a P/E/G ratio of 2.01 and a beta of 0.46.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. The business had revenue of $24.88 billion for the quarter, compared to analysts' expectations of $24.68 billion. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently announced 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies's payout ratio is presently 36.59%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ACI shares. Zacks Research upgraded Albertsons Companies from a "strong sell" rating to a "hold" rating in a report on Monday. Wall Street Zen upgraded shares of Albertsons Companies from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. JPMorgan Chase & Co. began coverage on shares of Albertsons Companies in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $27.00 target price for the company. Barclays started coverage on shares of Albertsons Companies in a research note on Monday, July 21st. They issued an "underweight" rating and a $19.00 target price for the company. Finally, Roth Capital restated a "buy" rating and set a $24.00 price objective (up from $23.00) 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.