Swedbank AB Has $2.72 Million Stock Holdings in Albertsons Companies, Inc. $ACI

Swedbank AB trimmed its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 38.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,397 shares of the company’s stock after selling 79,599 shares during the period. Swedbank AB’s holdings in Albertsons Companies were worth $2,719,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ACI. AQR Capital Management LLC boosted its holdings in shares of Albertsons Companies by 1,601.1% during the 1st quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company’s stock valued at $103,807,000 after acquiring an additional 4,451,250 shares in the last quarter. Voya Investment Management LLC increased its holdings in Albertsons Companies by 6,541.5% during the 1st quarter. Voya Investment Management LLC now owns 3,723,616 shares of the company’s stock worth $81,882,000 after purchasing an additional 3,667,550 shares in the last quarter. LSV Asset Management grew its holdings in shares of Albertsons Companies by 52.9% in the first quarter. LSV Asset Management now owns 7,873,039 shares of the company’s stock valued at $173,128,000 after acquiring an additional 2,724,576 shares in the last quarter. Apollo Management Holdings L.P. lifted its stake in Albertsons Companies by 174.1% in the first quarter. Apollo Management Holdings L.P. now owns 2,930,000 shares of the company’s stock valued at $64,431,000 after purchasing an additional 1,861,000 shares during the last quarter. Finally, Amundi lifted its stake in Albertsons Companies by 118.8% in the first quarter. Amundi now owns 3,227,851 shares of the company’s stock valued at $73,164,000 after purchasing an additional 1,752,393 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Trading Down 2.3%

NYSE ACI opened at $17.90 on Monday. The firm has a market cap of $10.02 billion, a PE ratio of 10.91, a P/E/G ratio of 1.83 and a beta of 0.51. The firm’s fifty day moving average is $19.48 and its two-hundred day moving average is $20.92. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $24.88 billion for 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%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. Analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. started coverage on Albertsons Companies in a research note on Wednesday, August 20th. They set an “overweight” rating and a $27.00 price objective for the company. Zacks Research raised Albertsons Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Wall Street Zen lowered shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. Roth Capital restated 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. Finally, Barclays assumed coverage on Albertsons Companies in a research report on Monday, July 21st. They set an “underweight” rating and a $19.00 price objective for the company. Eleven 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.94.

Albertsons Companies 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.