Pallas Capital Advisors LLC Sells 25,111 Shares of Albertsons Companies, Inc. $ACI

Key Points

• Pallas Capital Advisors LLC has significantly reduced its stake in Albertsons Companies by selling 25,111 shares, resulting in a 65.9% decrease, leaving them with a total of 13,016 shares worth approximately $280,000.
• Albertsons Companies reported earnings of $0.55 per share for the last quarter, exceeding estimates, while also announcing a quarterly dividend of $0.15 with an annual yield of 3.4%.
• The stock currently has a market cap of $10.02 billion and various analysts have set target prices between $19.00 and $27.00, resulting in a consensus rating of "Moderate Buy."

Pallas Capital Advisors LLC reduced its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 65.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,016 shares of the company's stock after selling 25,111 shares during the quarter. Pallas Capital Advisors LLC's holdings in Albertsons Companies were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACI. Ameriprise Financial Inc. lifted its holdings in shares of Albertsons Companies by 136.2% during the fourth quarter. Ameriprise Financial Inc. now owns 180,861 shares of the company's stock valued at $3,552,000 after purchasing an additional 104,302 shares in the last quarter. Quantinno Capital Management LP bought a new position in shares of Albertsons Companies during the fourth quarter valued at $330,000. Tidal Investments LLC lifted its holdings in shares of Albertsons Companies by 7.7% during the fourth quarter. Tidal Investments LLC now owns 46,449 shares of the company's stock valued at $912,000 after purchasing an additional 3,310 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Albertsons Companies during the fourth quarter valued at $3,581,000. Finally, Mackenzie Financial Corp bought a new position in shares of Albertsons Companies during the fourth quarter valued at $518,000. 71.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ACI shares. Wall Street Zen downgraded Albertsons Companies from a "buy" rating to a "hold" rating in a report on Monday, September 15th. JPMorgan Chase & Co. started coverage on Albertsons Companies in a research report on Wednesday, August 20th. They set an "overweight" rating and a $27.00 price objective for the company. Zacks Research upgraded Albertsons Companies from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Barclays started coverage on Albertsons Companies in a research report on Monday, July 21st. They set an "underweight" rating and a $19.00 price objective for the company. Finally, UBS Group upgraded Albertsons Companies from a "neutral" rating to a "buy" rating and upped their price objective for the company from $22.00 to $27.00 in a research report on Tuesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Albertsons Companies presently has an average rating of "Moderate Buy" and an average price target of $23.94.

Albertsons Companies Stock Performance

ACI traded down $0.17 during midday trading on Monday, reaching $17.74. The company had a trading volume of 7,049,019 shares, compared to its average volume of 5,624,995. 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 business has a 50-day moving average of $19.40 and a two-hundred day moving average of $20.90. The company has a market cap of $9.93 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.83 and a beta of 0.51. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20.

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 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 business had revenue of $24.88 billion during the quarter, compared to analysts' expectations of $24.68 billion. During the same quarter in the prior year, the business posted $0.66 earnings per share. The business's quarterly revenue was up 2.5% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. As a group, equities research analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies's dividend payout ratio (DPR) is 36.59%.

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.