Cresset Asset Management LLC Has $266,000 Stock Position in Albertsons Companies, Inc. $ACI

Cresset Asset Management LLC boosted its stake in Albertsons Companies, Inc. (NYSE:ACI) by 19.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,079 shares of the company’s stock after acquiring an additional 1,969 shares during the quarter. Cresset Asset Management LLC’s holdings in Albertsons Companies were worth $266,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Mason Investment Advisory Services Inc. grew its position in Albertsons Companies by 0.7% in the first quarter. Mason Investment Advisory Services Inc. now owns 78,062 shares of the company’s stock valued at $1,717,000 after purchasing an additional 568 shares in the last quarter. Applied Finance Capital Management LLC lifted its position in Albertsons Companies by 5.0% during the 1st quarter. Applied Finance Capital Management LLC now owns 14,517 shares of the company’s stock worth $319,000 after buying an additional 685 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Albertsons Companies by 1.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company’s stock worth $941,000 after buying an additional 891 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Albertsons Companies by 54.8% in the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company’s stock valued at $66,000 after acquiring an additional 1,061 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its position in shares of Albertsons Companies by 4.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 24,765 shares of the company’s stock valued at $486,000 after acquiring an additional 1,153 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ACI shares. Roth Capital restated a “buy” rating and issued a $24.00 price target (up from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Telsey Advisory Group reissued an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a research note on Wednesday, July 16th. BMO Capital Markets upgraded shares of Albertsons Companies from a “market perform” rating to an “outperform” rating and increased their price target for the company from $19.00 to $25.00 in a research note on Wednesday, May 7th. Wall Street Zen raised shares of Albertsons Companies from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, UBS Group upgraded shares of Albertsons Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.94.

Albertsons Companies Price Performance

Shares of ACI opened at $19.41 on Wednesday. The company’s 50-day moving average is $20.53 and its 200-day moving average is $21.16. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. The firm has a market capitalization of $10.86 billion, a PE ratio of 11.83, a PEG ratio of 2.01 and a beta of 0.46. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20.

Albertsons Companies (NYSE:ACI) last released its quarterly 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 net margin of 1.18% and a return on equity of 37.92%. The firm had revenue of $24.88 billion for the quarter, compared to analysts’ expectations of $24.68 billion. During the same period in the prior year, the firm earned $0.66 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. Equities analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Announces Dividend

The firm 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. 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 payout ratio is presently 36.59%.

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.