Voya Investment Management LLC Increases Stock Position in Albertsons Companies, Inc. $ACI

Key Points

• Voya Investment Management LLC increased its stake in Albertsons Companies, Inc. by an impressive 6,541.5% in the first quarter, acquiring a total of 3,723,616 shares valued at approximately $81.88 million.
• Albertsons reported a surge in revenue to $24.88 billion for the latest quarter, surpassing consensus estimates, while its earnings per share slightly beat projections at $0.55.
• The company recently announced a quarterly dividend of $0.15, translating to an annual yield of 3.2%, alongside a calculated dividend payout ratio of 36.59%.

Voya Investment Management LLC increased its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 6,541.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,723,616 shares of the company's stock after acquiring an additional 3,667,550 shares during the quarter. Voya Investment Management LLC owned approximately 0.65% of Albertsons Companies worth $81,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ACI. The Manufacturers Life Insurance Company boosted its position in shares of Albertsons Companies by 186.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 30,984 shares of the company's stock valued at $609,000 after acquiring an additional 20,161 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Albertsons Companies in the 4th quarter valued at about $269,000. Ameriprise Financial Inc. raised its holdings in Albertsons Companies by 136.2% in the 4th quarter. Ameriprise Financial Inc. now owns 180,861 shares of the company's stock valued at $3,552,000 after buying an additional 104,302 shares during the period. Cetera Investment Advisers raised its holdings in Albertsons Companies by 142.9% in the 4th quarter. Cetera Investment Advisers now owns 59,584 shares of the company's stock valued at $1,170,000 after buying an additional 35,051 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Albertsons Companies in the 4th quarter valued at about $341,000. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Stock Down 1.7%

Shares of ACI stock traded down $0.32 during trading hours on Monday, reaching $18.41. 5,563,067 shares of the stock were exchanged, compared to its average volume of 4,953,955. The business's fifty day moving average is $19.80 and its two-hundred day moving average is $20.99. 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 12-month low of $17.00 and a 12-month high of $23.20. The firm has a market capitalization of $10.31 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.91 and a beta of 0.51.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The firm had revenue of $24.88 billion for the quarter, compared to analyst estimates of $24.68 billion. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. 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 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies's dividend payout ratio is 36.59%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ACI shares. Telsey Advisory Group restated an "outperform" rating and issued a $24.00 price objective on shares of Albertsons Companies in a report on Wednesday, July 16th. Zacks Research upgraded shares of Albertsons Companies from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Barclays started coverage on shares of Albertsons Companies in a report on Monday, July 21st. They issued an "underweight" rating and a $19.00 price objective on the stock. Wall Street Zen lowered shares of Albertsons Companies from a "buy" rating to a "hold" rating in a report on Monday. Finally, UBS Group upgraded shares of Albertsons Companies from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $22.00 to $27.00 in a report on Tuesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Albertsons Companies currently has a consensus rating of "Moderate Buy" and an average target price 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.