Albertsons Companies, Inc. $ACI Holdings Lifted by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 27.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,300 shares of the company’s stock after buying an additional 32,600 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Albertsons Companies were worth $3,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. West Oak Capital LLC purchased a new position in shares of Albertsons Companies during the second quarter valued at $30,000. SVB Wealth LLC purchased a new stake in Albertsons Companies in the 1st quarter worth approximately $32,000. Bessemer Group Inc. purchased a new stake in Albertsons Companies in the 1st quarter worth approximately $40,000. GAMMA Investing LLC lifted its position in Albertsons Companies by 340.1% in the 1st 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. Finally, Sound Income Strategies LLC purchased a new stake in Albertsons Companies in the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $17.15 on Friday. The business has a 50 day moving average price of $18.62 and a 200 day moving average price of $20.52. Albertsons Companies, Inc. has a twelve month low of $16.70 and a twelve month high of $23.20. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 1.75 and a beta of 0.49. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 2.17.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, beating 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 the consensus estimate of $24.68 billion. During the same quarter in the prior year, the company earned $0.66 EPS. The firm’s revenue for the quarter 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. Research analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The company also recently disclosed 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 was Friday, July 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.5%. Albertsons Companies’s dividend payout ratio (DPR) is currently 36.59%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Albertsons Companies in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday. Royal Bank Of Canada lowered their target price on Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Telsey Advisory Group restated an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a research note on Thursday, October 2nd. Finally, Zacks Research upgraded Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Twelve research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.63.

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.