26,013 Shares in Albertsons Companies, Inc. $ACI Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association purchased a new position in Albertsons Companies, buying 26,013 shares valued at approximately $562,000.
• Albertsons Companies received favorable analyst ratings, with eleven analysts issuing a Buy rating and a consensus target price of $23.94.
• The company recently announced a quarterly dividend of $0.15 per share, which reflects an annualized dividend yield of 3.2%.

United Services Automobile Association acquired a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 26,013 shares of the company's stock, valued at approximately $562,000.

Several other institutional investors and hedge funds have also bought and sold shares of ACI. SVB Wealth LLC purchased a new position in Albertsons Companies in the first quarter worth $32,000. Bessemer Group Inc. purchased a new position in Albertsons Companies in the first quarter worth $40,000. GAMMA Investing LLC grew its holdings in Albertsons Companies by 340.1% in the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after purchasing an additional 1,483 shares during the last quarter. Brooklyn Investment Group grew its holdings in Albertsons Companies by 48,840.0% in the first quarter. Brooklyn Investment Group now owns 2,447 shares of the company's stock worth $54,000 after purchasing an additional 2,442 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Albertsons Companies by 54.8% during the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock valued at $66,000 after purchasing an additional 1,061 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACI has been the topic of a number of recent analyst reports. UBS Group upgraded shares of Albertsons Companies from a "neutral" rating to a "buy" rating and upped their price target for the company from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Zacks Research upgraded shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Barclays began 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. Wall Street Zen upgraded shares of Albertsons Companies from a "hold" rating to a "buy" rating in a research note on Sunday, September 7th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $24.00 price objective 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 given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Albertsons Companies has a consensus rating of "Moderate Buy" and a consensus price target of $23.94.

Albertsons Companies Stock Performance

NYSE ACI traded up $0.02 during mid-day trading on Friday, reaching $18.74. 3,293,538 shares of the stock were exchanged, compared to its average volume of 5,013,203. The business's 50 day moving average is $19.89 and its 200-day moving average is $21.00. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The company has a market capitalization of $10.49 billion, a P/E ratio of 11.43, a P/E/G ratio of 1.91 and a beta of 0.51. 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 (NYSE:ACI - Get Free Report) last announced its quarterly earnings results 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. 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 the consensus estimate of $24.68 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, equities research analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

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