IFM Investors Pty Ltd Raises Holdings in Albertsons Companies, Inc. $ACI

IFM Investors Pty Ltd boosted its position in Albertsons Companies, Inc. (NYSE:ACI) by 19.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,730 shares of the company’s stock after purchasing an additional 9,912 shares during the period. IFM Investors Pty Ltd’s holdings in Albertsons Companies were worth $1,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Albertsons Companies by 1,601.1% during the first 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 grew its holdings in Albertsons Companies by 6,541.5% in the first 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 during the last quarter. LSV Asset Management grew its holdings in Albertsons Companies by 52.9% in the first quarter. LSV Asset Management now owns 7,873,039 shares of the company’s stock worth $173,128,000 after purchasing an additional 2,724,576 shares during the last quarter. Apollo Management Holdings L.P. grew its holdings in shares of Albertsons Companies by 174.1% during 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 buying an additional 1,861,000 shares during the last quarter. Finally, Amundi grew its holdings in shares of Albertsons Companies by 118.8% during the first quarter. Amundi now owns 3,227,851 shares of the company’s stock valued at $73,164,000 after buying an additional 1,752,393 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Performance

Shares of ACI opened at $17.74 on Tuesday. The company has a 50-day moving average of $19.40 and a two-hundred day moving average of $20.90. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17. The stock has a market cap of $9.93 billion, a P/E ratio of 10.81, a PEG ratio of 1.83 and a beta of 0.51. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data 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 net margin of 1.18% and a return on equity of 37.92%. The business had revenue of $24.88 billion during the quarter, compared to analyst estimates of $24.68 billion. During the same quarter in the previous year, the business posted $0.66 earnings per share. The company’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. As a group, research analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on ACI shares. 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. JPMorgan Chase & Co. began coverage on shares of Albertsons Companies in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $27.00 price target for the company. Roth Capital reissued a “buy” rating and issued a $24.00 price target (up previously from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Barclays assumed coverage on shares of Albertsons Companies in a research report on Monday, July 21st. They set an “underweight” rating and a $19.00 price objective for the company. Finally, Zacks Research upgraded shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, 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.