Parallel Advisors LLC Purchases 976 Shares of Albertsons Companies, Inc. $ACI

Parallel Advisors LLC boosted its position in Albertsons Companies, Inc. (NYSE:ACI) by 33.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,912 shares of the company’s stock after acquiring an additional 976 shares during the quarter. Parallel Advisors LLC’s holdings in Albertsons Companies were worth $84,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its stake in shares of Albertsons Companies by 136.2% during the fourth quarter. Ameriprise Financial Inc. now owns 180,861 shares of the company’s stock worth $3,552,000 after buying an additional 104,302 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Albertsons Companies during the fourth quarter worth $3,581,000. Mackenzie Financial Corp bought a new stake in shares of Albertsons Companies during the fourth quarter worth $518,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Albertsons Companies during the fourth quarter worth $1,882,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Albertsons Companies by 8.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 82,386 shares of the company’s stock worth $1,618,000 after buying an additional 6,211 shares during the last quarter. 71.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on ACI. UBS Group raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Barclays began coverage on shares of Albertsons Companies in a research note on Monday, July 21st. They set an “underweight” rating and a $19.00 target price on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a research note on Wednesday, July 16th. Wall Street Zen lowered shares of Albertsons Companies from a “buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. started coverage on shares of Albertsons Companies in a report on Wednesday, August 20th. They set an “overweight” rating and a $27.00 price target on the stock. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.94.

Albertsons Companies Price Performance

ACI stock opened at $17.73 on Thursday. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.80 and a beta of 0.51. 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, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20. The company’s fifty day simple moving average is $19.27 and its 200 day simple moving average is $20.85.

Albertsons Companies (NYSE:ACI) last released its earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $24.88 billion for the quarter, compared to analyst estimates of $24.68 billion. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. Albertsons Companies’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

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

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.