Focus Financial Network Inc. Purchases 704 Shares of Albertsons Companies, Inc. $ACI

Focus Financial Network Inc. boosted its position in Albertsons Companies, Inc. (NYSE:ACI) by 7.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,006 shares of the company’s stock after acquiring an additional 704 shares during the period. Focus Financial Network Inc.’s holdings in Albertsons Companies were worth $215,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in Albertsons Companies during the first quarter worth about $1,420,000. Bessemer Group Inc. bought a new position in Albertsons Companies during the first quarter worth about $40,000. Atlas Capital Advisors Inc. boosted its holdings in Albertsons Companies by 241.6% during the first quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company’s stock worth $509,000 after buying an additional 16,375 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in Albertsons Companies during the first quarter worth about $323,000. Finally, Teacher Retirement System of Texas bought a new position in Albertsons Companies during the first quarter worth about $1,329,000. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Down 2.3%

NYSE:ACI opened at $17.90 on Monday. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 1.83 and a beta of 0.51. 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 price is $19.48 and its two-hundred day moving average price is $20.92. 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 posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $24.88 billion for the quarter, compared to analyst estimates of $24.68 billion. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. Equities research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, July 25th. Albertsons Companies’s payout ratio is currently 36.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. assumed coverage on Albertsons Companies in a research report on Wednesday, August 20th. They set an “overweight” rating and a $27.00 price target on the stock. Tigress Financial reaffirmed a “buy” rating and set a $28.00 price target on shares of Albertsons Companies in a research report on Tuesday, July 8th. Roth Capital reissued a “buy” rating and issued a $24.00 target price (up previously from $23.00) on shares of Albertsons Companies in a research report 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 report on Wednesday, July 16th. Finally, Barclays began coverage on Albertsons Companies in a research report on Monday, July 21st. They issued an “underweight” rating and a $19.00 target price on the stock. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.94.

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.