UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $45.68 Million Stock Position in Albertsons Companies, Inc. $ACI

Key Points

• UBS AM increased its stake in Albertsons Companies by 3.7%, now holding 2,077,308 shares valued at approximately $45.68 million as of the latest SEC filing.
• Albertsons recently reported a net earnings of $0.55 per share, exceeding analysts' expectations, with quarterly revenue increasing by 2.5% year-over-year.
• The company also announced a quarterly dividend of $0.15 per share, resulting in an annualized yield of 3.2%, reflecting a payout ratio of 36.59%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,077,308 shares of the company's stock after acquiring an additional 73,253 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.36% of Albertsons Companies worth $45,680,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in Albertsons Companies during the 1st quarter worth approximately $1,420,000. Bessemer Group Inc. acquired a new position in Albertsons Companies during the 1st quarter worth approximately $40,000. Atlas Capital Advisors Inc. boosted its position in Albertsons Companies by 241.6% during the 1st quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company's stock worth $509,000 after acquiring an additional 16,375 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Albertsons Companies during the 1st quarter worth approximately $323,000. Finally, Teacher Retirement System of Texas acquired a new position in Albertsons Companies during the 1st quarter worth approximately $1,329,000. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Stock Up 0.1%

ACI opened at $18.74 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17. The stock has a market cap of $10.49 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.91 and a beta of 0.51. The stock's fifty day simple moving average is $19.89 and its 200 day simple moving average is $21.01. 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 posted its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $24.88 billion for the quarter, compared to analysts' expectations of $24.68 billion. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.66 EPS. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. As a group, research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Tigress Financial reiterated a "buy" rating and set a $28.00 price objective on shares of Albertsons Companies in a research note on Tuesday, July 8th. UBS Group upgraded Albertsons Companies from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $22.00 to $27.00 in a research note on Tuesday, July 22nd. 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 price objective on the stock. Barclays assumed coverage on Albertsons Companies in a research note on Monday, July 21st. They set an "underweight" rating and a $19.00 price objective on the stock. Finally, Zacks Research upgraded Albertsons Companies from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.94.

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.

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