26,013 Shares in Albertsons Companies, Inc. $ACI Acquired 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 bought a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,013 shares of the company's stock, valued at approximately $562,000.

Other institutional investors have also made changes to their positions in the company. SVB Wealth LLC bought a new position in shares of Albertsons Companies in the first quarter worth about $32,000. Bessemer Group Inc. bought a new position in shares of Albertsons Companies in the first quarter worth about $40,000. GAMMA Investing LLC increased its stake in shares of 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 period. Brooklyn Investment Group increased its stake in shares of 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 period. Finally, Fifth Third Bancorp increased its stake in shares of Albertsons Companies by 54.8% in the first quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock worth $66,000 after purchasing an additional 1,061 shares during the period. 71.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ACI shares. Tigress Financial reiterated a "buy" rating and issued a $28.00 price objective on shares of Albertsons Companies in a research note on Tuesday, July 8th. JPMorgan Chase & Co. started coverage on Albertsons Companies in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $27.00 price objective on the stock. Barclays started coverage on Albertsons Companies in a research note on Monday, July 21st. They issued an "underweight" rating and a $19.00 price objective on the stock. UBS Group upgraded Albertsons Companies from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Finally, Zacks Research raised Albertsons Companies from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Albertsons Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.94.

Albertsons Companies Price Performance

Shares of ACI traded down $0.27 on Monday, hitting $18.47. The company's stock had a trading volume of 1,392,205 shares, compared to its average volume of 6,023,950. The company has a market capitalization of $10.34 billion, a PE ratio of 11.27, a PEG ratio of 1.91 and a beta of 0.51. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The company has a 50 day moving average price of $19.89 and a 200 day moving average price of $21.01.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced 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. The business had revenue of $24.88 billion for the quarter, compared to the consensus estimate of $24.68 billion. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.Albertsons Companies's revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 EPS. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, research analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.2%. 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.