Okabena Investment Services Inc. Boosts Holdings in Albertsons Companies, Inc. $ACI

Key Points

• Okabena Investment Services Inc. increased its holdings in Albertsons Companies by 43.3% to 72,267 shares, valued at approximately $1.59 million.
• Albertsons reported a quarterly earnings per share (EPS) of $0.55, beating analyst expectations, along with a revenue of $24.88 billion, reflecting a 2.5% increase year-over-year.
• The company declared a quarterly dividend of $0.15 per share, representing an annualized yield of 3.1% with a payout ratio of 36.59%.

Okabena Investment Services Inc. grew its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 43.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,267 shares of the company's stock after buying an additional 21,851 shares during the quarter. Okabena Investment Services Inc.'s holdings in Albertsons Companies were worth $1,589,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. SVB Wealth LLC acquired a new position in shares of Albertsons Companies during the first quarter valued at about $32,000. WealthCollab LLC boosted its holdings in Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after purchasing an additional 1,454 shares during the last quarter. Bessemer Group Inc. purchased a new position in Albertsons Companies during the first quarter worth about $40,000. GAMMA Investing LLC boosted its holdings in Albertsons Companies by 340.1% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after purchasing an additional 1,483 shares during the last quarter. Finally, Brooklyn Investment Group boosted its holdings in Albertsons Companies by 48,840.0% during the first quarter. Brooklyn Investment Group now owns 2,447 shares of the company's stock worth $54,000 after purchasing an additional 2,442 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Stock Performance

Shares of NYSE:ACI traded up $0.20 during midday trading on Monday, reaching $19.46. 4,528,832 shares of the company traded hands, compared to its average volume of 5,294,471. 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, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 1.98 and a beta of 0.51. The firm's fifty day moving average price is $20.41 and its two-hundred day moving average price is $21.12.

Albertsons Companies (NYSE:ACI - Get Free Report) last released 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. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The company had revenue of $24.88 billion for the quarter, compared to analyst estimates of $24.68 billion. During the same period in the previous year, the company posted $0.66 EPS. The firm'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. On average, equities analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors 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 was Friday, July 25th. Albertsons Companies's payout ratio is presently 36.59%.

Analyst Ratings Changes

ACI has been the topic of a number of research analyst reports. Tigress Financial reiterated a "buy" rating and issued a $28.00 target price on shares of Albertsons Companies in a research note on Tuesday, July 8th. Barclays started coverage on shares of Albertsons Companies in a research report on Monday, July 21st. They set an "underweight" rating and a $19.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of Albertsons Companies in a research report on Wednesday, August 20th. They set an "overweight" rating and a $27.00 target price for the company. Wall Street Zen downgraded shares of Albertsons Companies from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Zacks Research raised shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus 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.