Nuveen LLC Makes New Investment in Albertsons Companies, Inc. $ACI

Nuveen LLC bought a new position in shares of Albertsons Companies, Inc. (NYSE:ACI) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 484,280 shares of the company’s stock, valued at approximately $10,649,000. Nuveen LLC owned about 0.08% of Albertsons Companies as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of Albertsons Companies by 54.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 138,347 shares of the company’s stock valued at $2,717,000 after acquiring an additional 48,752 shares during the last quarter. Mariner LLC acquired a new position in shares of Albertsons Companies during the 4th quarter valued at about $373,000. First Trust Advisors LP acquired a new position in shares of Albertsons Companies during the 4th quarter valued at about $13,841,000. Dimensional Fund Advisors LP boosted its position in shares of Albertsons Companies by 3.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,636,732 shares of the company’s stock valued at $91,064,000 after acquiring an additional 167,725 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Albertsons Companies in the 4th quarter valued at about $451,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Trading Up 0.2%

Shares of ACI stock opened at $19.5080 on Friday. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The stock has a market cap of $10.92 billion, a P/E ratio of 11.90, a P/E/G ratio of 1.99 and a beta of 0.46. The business has a fifty day simple moving average of $20.60 and a 200-day simple moving average of $21.17. 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 quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The business had revenue of $24.88 billion during the quarter, compared to analysts’ expectations of $24.68 billion. During the same quarter last year, the business posted $0.66 earnings per share. The business’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. On average, analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders 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 3.1%. Albertsons Companies’s dividend payout ratio (DPR) is currently 36.59%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ACI. Telsey Advisory Group restated an “outperform” rating and issued a $24.00 price objective on shares of Albertsons Companies in a report on Wednesday, July 16th. Roth Capital reissued a “buy” rating and set a $24.00 price objective (up from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Wall Street Zen raised Albertsons Companies from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. UBS Group raised Albertsons Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $22.00 to $27.00 in a report on Tuesday, July 22nd. Finally, Tigress Financial reissued a “buy” rating and issued a $28.00 price objective on shares of Albertsons Companies in a report on Tuesday, July 8th. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.94.

Albertsons Companies Company Profile

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.