Okabena Investment Services Inc. Has $1.59 Million Stock Position in Albertsons Companies, Inc. $ACI

Okabena Investment Services Inc. raised its position in shares of Albertsons Companies, Inc. (NYSE:ACIFree Report) by 43.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 72,267 shares of the company’s stock after purchasing an additional 21,851 shares during the quarter. Okabena Investment Services Inc.’s holdings in Albertsons Companies were worth $1,589,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new stake in shares of Albertsons Companies in the 1st quarter valued at $32,000. WealthCollab LLC lifted its holdings in Albertsons Companies by 446.0% in the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock valued at $35,000 after buying an additional 1,454 shares during the period. Bessemer Group Inc. bought a new stake in Albertsons Companies during the first quarter valued at $40,000. GAMMA Investing LLC grew its holdings in Albertsons Companies by 340.1% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock worth $42,000 after acquiring an additional 1,483 shares during the period. Finally, Brooklyn Investment Group grew its holdings in Albertsons Companies by 48,840.0% during the 1st quarter. Brooklyn Investment Group now owns 2,447 shares of the company’s stock worth $54,000 after acquiring an additional 2,442 shares during the period. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $19.54 on Thursday. 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, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20. The stock’s 50 day moving average is $20.49 and its 200-day moving average is $21.15. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.98 and a beta of 0.46.

Albertsons Companies (NYSE:ACIGet Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $24.88 billion during the quarter, compared to the consensus estimate of $24.68 billion. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. Albertsons Companies’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. Sell-side analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, July 25th. Albertsons Companies’s dividend payout ratio (DPR) is currently 36.59%.

Analyst Upgrades and Downgrades

ACI has been the topic of several research analyst reports. Tigress Financial restated a “buy” rating and set a $28.00 target price on shares of Albertsons Companies in a research report on Tuesday, July 8th. Zacks Research raised Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday. BMO Capital Markets raised shares of Albertsons Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $19.00 to $25.00 in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, Roth Capital reiterated a “buy” rating and set a $24.00 target price (up previously from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.94.

Check Out Our Latest Stock Report on ACI

About Albertsons Companies

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Albertsons Companies (NYSE:ACI)

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