2,496 Shares in Albertsons Companies, Inc. $ACI Bought by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC purchased a new position in Albertsons Companies, Inc. (NYSE:ACI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,496 shares of the company’s stock, valued at approximately $54,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. grew its stake in Albertsons Companies by 60.3% in the second quarter. ASR Vermogensbeheer N.V. now owns 112,397 shares of the company’s stock worth $2,418,000 after purchasing an additional 42,266 shares during the period. USA Financial Formulas purchased a new stake in Albertsons Companies in the second quarter worth $189,000. Sound Income Strategies LLC purchased a new stake in Albertsons Companies in the second quarter worth $43,000. Perigon Wealth Management LLC grew its stake in shares of Albertsons Companies by 11.3% in the second quarter. Perigon Wealth Management LLC now owns 28,581 shares of the company’s stock worth $615,000 after acquiring an additional 2,901 shares during the last quarter. Finally, Peddock Capital Advisors LLC grew its stake in shares of Albertsons Companies by 1.9% in the second quarter. Peddock Capital Advisors LLC now owns 26,567 shares of the company’s stock worth $571,000 after acquiring an additional 504 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Trading Down 0.8%

Albertsons Companies stock opened at $17.15 on Monday. 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 one year low of $16.70 and a one year high of $23.20. The stock has a market capitalization of $9.60 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49. The business’s fifty day moving average is $18.62 and its 200 day moving average is $20.51.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 EPS 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 company had revenue of $24.88 billion for the quarter, compared to analysts’ expectations of $24.68 billion. During the same period last year, the firm posted $0.66 earnings per share. Albertsons Companies’s revenue 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. On average, sell-side analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $0.60 dividend on an annualized basis and a yield of 3.5%. Albertsons Companies’s dividend payout ratio is currently 36.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ACI shares. Tigress Financial reissued a “buy” rating and issued a $28.00 target price on shares of Albertsons Companies in a research note on Tuesday, July 8th. Roth Capital reissued a “buy” rating and issued a $24.00 target price (up from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Zacks Research raised Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. UBS Group raised Albertsons Companies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Albertsons Companies in a research note on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Albertsons Companies has an average rating of “Moderate Buy” and a consensus price target 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.