Albertsons Companies, Inc. $ACI Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

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 raised its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,077,308 shares of the company's stock after purchasing an additional 73,253 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.36% of Albertsons Companies worth $45,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ACI. SVB Wealth LLC purchased a new position in shares of Albertsons Companies in the first quarter valued at approximately $32,000. Bessemer Group Inc. purchased a new position in Albertsons Companies during the first quarter worth approximately $40,000. GAMMA Investing LLC lifted its position in Albertsons Companies by 340.1% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after buying an additional 1,483 shares in the last quarter. Brooklyn Investment Group lifted its position in Albertsons Companies by 48,840.0% during the first quarter. Brooklyn Investment Group now owns 2,447 shares of the company's stock worth $54,000 after buying an additional 2,442 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in Albertsons Companies by 54.8% during the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock worth $66,000 after buying an additional 1,061 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ACI shares. Zacks Research upgraded Albertsons Companies from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Roth Capital restated a "buy" rating and issued a $24.00 target price (up previously from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Telsey Advisory Group restated an "outperform" rating and issued a $24.00 target price on shares of Albertsons Companies in a research report on Wednesday, July 16th. UBS Group upgraded Albertsons Companies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $22.00 to $27.00 in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. began coverage on Albertsons Companies in a report on Wednesday, August 20th. They issued an "overweight" rating and a $27.00 price objective on the stock. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Albertsons Companies currently has a consensus rating of "Moderate Buy" and an average price target of $23.94.

Albertsons Companies Stock Down 2.3%

ACI traded down $0.43 on Friday, hitting $17.90. 10,051,807 shares of the company were exchanged, compared to its average volume of 5,331,688. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 1.88 and a beta of 0.51. 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 firm has a 50-day moving average price of $19.48 and a two-hundred day moving average price of $20.92.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The firm had revenue of $24.88 billion during the quarter, compared to analysts' expectations of $24.68 billion. During the same period in the previous year, the firm posted $0.66 EPS. Albertsons Companies'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. On average, equities 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 announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies's payout ratio is presently 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.