Wealth Enhancement Advisory Services LLC Decreases Stock Position in Albertsons Companies, Inc. $ACI

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Albertsons Companies, Inc. by 35.9% in Q2, leaving it with 102,035 shares valued at $2.24 million.
• Albertsons reported EPS of $0.55 for the recent quarter, slightly exceeding expectations, and had a net revenue of $24.88 billion, reflecting a year-over-year increase of 2.5%.
• The company recently declared a quarterly dividend of $0.15 per share, amounting to an annualized yield of 3.4%, with a dividend payout ratio of 36.59%.

Wealth Enhancement Advisory Services LLC lessened its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 35.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,035 shares of the company's stock after selling 57,210 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Albertsons Companies were worth $2,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mason Investment Advisory Services Inc. boosted its holdings in Albertsons Companies by 0.7% in the 1st quarter. Mason Investment Advisory Services Inc. now owns 78,062 shares of the company's stock worth $1,717,000 after acquiring an additional 568 shares during the period. Applied Finance Capital Management LLC boosted its holdings in Albertsons Companies by 5.0% in the 1st quarter. Applied Finance Capital Management LLC now owns 14,517 shares of the company's stock worth $319,000 after acquiring an additional 685 shares during the period. Focus Financial Network Inc. boosted its stake in shares of Albertsons Companies by 7.6% during the 2nd quarter. Focus Financial Network Inc. now owns 10,006 shares of the company's stock valued at $215,000 after buying an additional 704 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Albertsons Companies by 33.2% during the 2nd quarter. Parallel Advisors LLC now owns 3,912 shares of the company's stock valued at $84,000 after buying an additional 976 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of 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 buying an additional 1,061 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

Albertsons Companies Stock Performance

Shares of ACI opened at $17.54 on Monday. The business's fifty day moving average price is $19.16 and its 200 day moving average price is $20.80. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20. The stock has a market capitalization of $9.82 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 1.80 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 (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share (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 for the quarter, compared to analysts' expectations of $24.68 billion. During the same period last year, the business posted $0.66 earnings per share. The firm'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. Equities research analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $0.60 annualized dividend and a yield of 3.4%. Albertsons Companies's dividend payout ratio (DPR) is currently 36.59%.

Analysts Set New Price Targets

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

About Albertsons Companies

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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