Gabelli Funds LLC Has $1.94 Million Stock Holdings in Albertsons Companies, Inc. $ACI

Gabelli Funds LLC decreased its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 26.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 112,778 shares of the company’s stock after selling 40,500 shares during the period. Gabelli Funds LLC’s holdings in Albertsons Companies were worth $1,936,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Mason Investment Advisory Services Inc. boosted its position in shares of Albertsons Companies by 0.8% during the 3rd quarter. Mason Investment Advisory Services Inc. now owns 79,188 shares of the company’s stock worth $1,387,000 after acquiring an additional 602 shares in the last quarter. Okabena Investment Services Inc. boosted its position in shares of Albertsons Companies by 1.0% during the 3rd quarter. Okabena Investment Services Inc. now owns 63,122 shares of the company’s stock worth $1,105,000 after acquiring an additional 602 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Albertsons Companies by 32.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,524 shares of the company’s stock worth $44,000 after acquiring an additional 625 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of Albertsons Companies by 5.4% during the 2nd quarter. Bank of Nova Scotia now owns 14,041 shares of the company’s stock worth $302,000 after acquiring an additional 723 shares in the last quarter. Finally, CWM LLC lifted its stake in Albertsons Companies by 103.5% in the 4th quarter. CWM LLC now owns 1,435 shares of the company’s stock valued at $25,000 after purchasing an additional 730 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ACI shares. JPMorgan Chase & Co. dropped their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Citigroup dropped their price objective on shares of Albertsons Companies from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Albertsons Companies in a research note on Monday, April 6th. UBS Group dropped their price objective on shares of Albertsons Companies from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, Weiss Ratings downgraded shares of Albertsons Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, April 21st. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.31.

Albertsons Companies Trading Down 0.6%

NYSE:ACI opened at $16.18 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.20 and a debt-to-equity ratio of 4.58. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 50.55, a PEG ratio of 1.86 and a beta of 0.43. The firm has a fifty day simple moving average of $16.87 and a two-hundred day simple moving average of $17.29. Albertsons Companies, Inc. has a 12 month low of $15.55 and a 12 month high of $22.78.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $20.49 billion. Albertsons Companies had a net margin of 0.26% and a return on equity of 42.75%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.46 earnings per share. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. Analysts expect that Albertsons Companies, Inc. will post 2.11 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were issued a dividend of $0.17 per share. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, April 24th. Albertsons Companies’s dividend payout ratio is 212.50%.

About Albertsons Companies

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.