Albertsons Companies, Inc. $ACI Holdings Raised by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its stake in Albertsons Companies, purchasing an additional 130,526 shares, bringing its total ownership to approximately 2,765,345 shares valued at $60.81 million.
• Wall Street analysts have mixed ratings for Albertsons, with reports indicating a consensus rating of "Moderate Buy" and a price target averaging $23.94.
• Albertsons recently posted quarterly earnings of $0.55 per share, exceeding expectations, and announced a quarterly dividend yielding 3.1% with an annual payout of $0.60.

Royal Bank of Canada boosted its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 5.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,765,345 shares of the company's stock after buying an additional 130,526 shares during the period. Royal Bank of Canada owned approximately 0.48% of Albertsons Companies worth $60,810,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vident Advisory LLC purchased a new position in shares of Albertsons Companies in the 1st quarter valued at $252,000. State of Wyoming increased its holdings in Albertsons Companies by 84.4% in the 1st quarter. State of Wyoming now owns 37,386 shares of the company's stock valued at $822,000 after purchasing an additional 17,110 shares in the last quarter. HAP Trading LLC raised its position in Albertsons Companies by 106.3% in the first quarter. HAP Trading LLC now owns 14,627 shares of the company's stock valued at $322,000 after purchasing an additional 246,037 shares during the period. MYDA Advisors LLC acquired a new position in shares of Albertsons Companies during the first quarter worth about $660,000. Finally, Okabena Investment Services Inc. lifted its stake in shares of Albertsons Companies by 43.3% during the first quarter. Okabena Investment Services Inc. now owns 72,267 shares of the company's stock worth $1,589,000 after purchasing an additional 21,851 shares in the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Albertsons Companies Stock Down 1.0%

Shares of ACI stock traded down $0.20 during mid-day trading on Wednesday, reaching $18.54. 5,169,275 shares of the company were exchanged, compared to its average volume of 5,084,620. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82. The company has a market capitalization of $10.38 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.91 and a beta of 0.51. The business's 50 day simple moving average is $20.01 and its 200 day simple moving average is $21.03.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The firm had revenue of $24.88 billion for the quarter, compared to analysts' expectations of $24.68 billion. During the same period in the prior year, the company posted $0.66 earnings per share. The firm'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. Research analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on ACI. Roth Capital reiterated a "buy" rating and set a $24.00 target price (up from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. Wall Street Zen raised shares of Albertsons Companies from a "hold" rating to a "buy" rating in a research report on Sunday. Tigress Financial reissued a "buy" rating and set a $28.00 target price on shares of Albertsons Companies in a research report on Tuesday, July 8th. UBS Group upgraded shares of Albertsons Companies from a "neutral" rating to a "buy" rating and upped their target price for the company from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Finally, Barclays assumed coverage on shares of Albertsons Companies in a research note on Monday, July 21st. They set an "underweight" rating and a $19.00 price target on the stock. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Albertsons Companies presently has an average rating of "Moderate Buy" and a consensus 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.