Swedbank AB Sells 79,599 Shares of Albertsons Companies, Inc. $ACI

Key Points

• Swedbank AB reduced its stake in Albertsons Companies, Inc. by 38.6%, now holding 126,397 shares worth approximately $2.72 million as of the last quarter.
• Albertsons reported earnings of $0.55 per share for its most recent quarter, exceeding analysts' expectations, with revenue increasing by 2.5% year-over-year to $24.88 billion.
• The company recently declared a quarterly dividend of $0.15, resulting in an annualized dividend yield of 3.4% with a payout ratio of 36.59%.

Swedbank AB decreased its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 38.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 126,397 shares of the company's stock after selling 79,599 shares during the quarter. Swedbank AB's holdings in Albertsons Companies were worth $2,719,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ACI. Focus Financial Network Inc. grew its holdings in Albertsons Companies by 7.6% in the 2nd quarter. Focus Financial Network Inc. now owns 10,006 shares of the company's stock worth $215,000 after buying an additional 704 shares in the last quarter. E. Ohman J or Asset Management AB boosted its stake in shares of Albertsons Companies by 65.9% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 1,283,948 shares of the company's stock worth $27,618,000 after acquiring an additional 509,848 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Albertsons Companies by 33.2% during the 2nd quarter. Parallel Advisors LLC now owns 3,912 shares of the company's stock worth $84,000 after acquiring an additional 976 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Albertsons Companies by 6,541.5% during the 1st quarter. Voya Investment Management LLC now owns 3,723,616 shares of the company's stock worth $81,882,000 after acquiring an additional 3,667,550 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of Albertsons Companies during the 1st quarter worth $800,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on ACI shares. Tigress Financial reaffirmed a "buy" rating and issued a $28.00 target price on shares of Albertsons Companies in a research report on Tuesday, July 8th. JPMorgan Chase & Co. started coverage on Albertsons Companies in a report on Wednesday, August 20th. They set an "overweight" rating and a $27.00 price objective for the company. Telsey Advisory Group reiterated an "outperform" rating and set a $24.00 price objective on shares of Albertsons Companies in a report on Wednesday, July 16th. Roth Capital reiterated a "buy" rating and set a $24.00 price objective (up from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. Finally, Zacks Research upgraded Albertsons Companies from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $23.94.

Albertsons Companies Stock Down 0.9%

Shares of NYSE ACI traded down $0.17 during trading on Monday, hitting $17.74. 7,049,019 shares of the company traded hands, compared to its average volume of 5,624,995. 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 firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 1.83 and a beta of 0.51. The business's fifty day moving average is $19.40 and its 200 day moving average is $20.90.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The business had revenue of $24.88 billion during 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 quarterly 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. Equities research analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis 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.