Te Ahumairangi Investment Management Ltd Sells 72,650 Shares of Albertsons Companies, Inc. $ACI

Key Points

• Te Ahumairangi Investment Management Ltd has reduced its stake in Albertsons Companies by 34.5%, selling 72,650 shares, now holding 137,922 shares worth approximately $3.03 million.
• Albertsons Companies reported $0.55 EPS for the recent quarter, slightly beating expectations, and had a year-over-year revenue increase of 2.5%.
• The company announced a quarterly dividend of $0.15 per share, which equates to an annualized dividend yield of 3.1%.

Te Ahumairangi Investment Management Ltd lowered its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 34.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 137,922 shares of the company's stock after selling 72,650 shares during the period. Te Ahumairangi Investment Management Ltd's holdings in Albertsons Companies were worth $3,033,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACI. Vanguard Group Inc. raised its position in Albertsons Companies by 2.9% in the first quarter. Vanguard Group Inc. now owns 37,374,669 shares of the company's stock worth $821,869,000 after acquiring an additional 1,064,547 shares during the period. Parsifal Capital Management LP increased its position in Albertsons Companies by 19.4% during the fourth quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company's stock worth $200,423,000 after purchasing an additional 1,657,981 shares during the last quarter. LSV Asset Management lifted its stake in Albertsons Companies by 52.9% in the first quarter. LSV Asset Management now owns 7,873,039 shares of the company's stock worth $173,128,000 after acquiring an additional 2,724,576 shares during the last quarter. Southeastern Asset Management Inc. TN grew its position in Albertsons Companies by 108.0% in the 4th quarter. Southeastern Asset Management Inc. TN now owns 5,766,719 shares of the company's stock valued at $113,258,000 after buying an additional 2,993,988 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Albertsons Companies by 17.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,462,715 shares of the company's stock valued at $120,102,000 after purchasing an additional 825,983 shares during the last quarter. Institutional investors own 71.35% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ACI. JPMorgan Chase & Co. assumed coverage on Albertsons Companies in a research report on Wednesday, August 20th. They set an "overweight" rating and a $27.00 price target on the stock. 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 on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $24.00 price target on shares of Albertsons Companies in a research note on Wednesday, July 16th. Wall Street Zen downgraded Albertsons Companies from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Roth Capital restated a "buy" rating and issued a $24.00 price target (up from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.94.

Albertsons Companies Trading Down 1.1%

NYSE ACI traded down $0.22 during trading on Tuesday, hitting $19.24. The stock had a trading volume of 7,663,817 shares, compared to its average volume of 6,071,027. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 1.98 and a beta of 0.51. The stock has a 50 day simple moving average of $20.36 and a 200 day simple moving average of $21.11. 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 one year low of $17.00 and a one year high of $23.20.

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 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 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 company posted $0.66 EPS. The business's revenue for the quarter was up 2.5% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. Sell-side analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were paid a $0.15 dividend. The ex-dividend date was Friday, July 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.1%. Albertsons Companies's dividend payout ratio is currently 36.59%.

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.