Fifth Third Bancorp Increases Stake in Albertsons Companies, Inc. $ACI

Fifth Third Bancorp lifted its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 20.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,624 shares of the company’s stock after acquiring an additional 627 shares during the period. Fifth Third Bancorp’s holdings in Albertsons Companies were worth $78,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ACI. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Albertsons Companies by 8.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 82,386 shares of the company’s stock worth $1,618,000 after acquiring an additional 6,211 shares during the period. Wellington Management Group LLP purchased a new position in shares of Albertsons Companies during the 4th quarter worth about $6,962,000. GAMMA Investing LLC lifted its holdings in shares of Albertsons Companies by 9,578.7% during the 1st quarter. GAMMA Investing LLC now owns 42,199 shares of the company’s stock worth $928,000 after acquiring an additional 41,763 shares during the period. Fifth Third Wealth Advisors LLC purchased a new position in shares of Albertsons Companies during the 1st quarter worth about $245,000. Finally, Rhumbline Advisers lifted its holdings in shares of Albertsons Companies by 156.6% during the 1st quarter. Rhumbline Advisers now owns 1,193,031 shares of the company’s stock worth $26,235,000 after acquiring an additional 728,068 shares during the period. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACI has been the topic of several research reports. Wall Street Zen lowered shares of Albertsons Companies from a “buy” rating to a “hold” rating in a report on Monday, September 15th. Telsey Advisory Group restated an “outperform” rating and issued a $24.00 price target on shares of Albertsons Companies in a report on Wednesday, July 16th. Barclays initiated coverage on shares of Albertsons Companies in a report on Monday, July 21st. They issued an “underweight” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Albertsons Companies in a report on Wednesday, August 20th. They issued an “overweight” rating and a $27.00 price target on the stock. Finally, UBS Group upgraded shares of Albertsons Companies from a “neutral” rating to a “buy” rating and raised their price target for the company from $22.00 to $27.00 in a report on Tuesday, July 22nd. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.94.

Albertsons Companies Trading Down 0.9%

ACI opened at $17.35 on Thursday. The firm has a market capitalization of $9.71 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.79 and a beta of 0.50. The firm’s 50 day moving average is $18.97 and its 200-day moving average is $20.72. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20. 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 data on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company 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%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $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 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Friday, July 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.5%. Albertsons Companies’s dividend payout ratio (DPR) is currently 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.