Raymond James Financial Inc. Has $27.98 Million Stake in Albertsons Companies, Inc. $ACI

Key Points

• Raymond James Financial Inc. increased its stake in Albertsons Companies by 60.8%, acquiring an additional 480,959 shares, bringing its total holdings to 1,272,426 shares worth approximately $27.98 million.
• Albertsons reported $0.55 EPS for the last quarter, exceeding estimates, with a revenue of $24.88 billion, marking a 2.5% increase year-over-year.
• The company announced a quarterly dividend of $0.15 per share, offering a dividend yield of 3.1% with an anticipated earnings per share guidance of 2.030-2.160 for FY 2025.

Raymond James Financial Inc. lifted its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 60.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,272,426 shares of the company's stock after purchasing an additional 480,959 shares during the quarter. Raymond James Financial Inc. owned 0.22% of Albertsons Companies worth $27,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of ACI. Southeastern Asset Management Inc. TN raised its holdings in Albertsons Companies by 108.0% during the fourth 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 during the period. LSV Asset Management raised its position in Albertsons Companies by 52.9% in the 1st quarter. LSV Asset Management now owns 7,873,039 shares of the company's stock worth $173,128,000 after purchasing an additional 2,724,576 shares during the period. Parsifal Capital Management LP grew its stake in Albertsons Companies by 19.4% in the 4th quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company's stock worth $200,423,000 after acquiring an additional 1,657,981 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Albertsons Companies by 205.2% in the 4th quarter. Deutsche Bank AG now owns 2,438,095 shares of the company's stock worth $47,884,000 after purchasing an additional 1,639,190 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Albertsons Companies by 166.8% in the 1st quarter. Invesco Ltd. now owns 2,568,841 shares of the company's stock worth $56,489,000 after purchasing an additional 1,605,993 shares during the period. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Albertsons Companies in a research note on Wednesday, August 20th. They set an "overweight" rating and a $27.00 target price on the stock. Wall Street Zen raised shares of Albertsons Companies from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Zacks Research raised Albertsons Companies from a "strong sell" rating to a "hold" rating in a research report on Monday. Roth Capital reaffirmed a "buy" rating and issued a $24.00 target price (up from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $24.00 price objective on shares of Albertsons Companies in a research report on Wednesday, July 16th. Eleven 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.94.

Albertsons Companies Trading Up 0.4%

Shares of ACI stock traded up $0.08 during mid-day trading on Friday, reaching $19.34. The company's stock had a trading volume of 1,707,617 shares, compared to its average volume of 6,062,177. The company's 50 day simple moving average is $20.46 and its 200-day simple moving average is $21.14. The firm has a market capitalization of $10.82 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 1.99 and a beta of 0.46. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20. 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 (NYSE:ACI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 1.18% and a return on equity of 37.92%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 EPS. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, research analysts predict that Albertsons Companies, Inc. will post 2.14 EPS 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 3.1%. Albertsons Companies's payout ratio is 36.59%.

About Albertsons Companies

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.