State of Alaska Department of Revenue Lowers Position in Albertsons Companies, Inc. $ACI

State of Alaska Department of Revenue decreased its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 4.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 45,265 shares of the company’s stock after selling 2,240 shares during the period. State of Alaska Department of Revenue’s holdings in Albertsons Companies were worth $973,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in Albertsons Companies in the first quarter worth $1,420,000. Bessemer Group Inc. bought a new stake in shares of Albertsons Companies during the 1st quarter valued at $40,000. Atlas Capital Advisors Inc. grew its position in shares of Albertsons Companies by 241.6% in the 1st 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 period. Flagship Harbor Advisors LLC bought a new position in shares of Albertsons Companies in the 1st quarter worth about $323,000. Finally, Teacher Retirement System of Texas purchased a new position in Albertsons Companies during the 1st quarter valued at about $1,329,000. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Price Performance

Shares of ACI opened at $17.38 on Monday. The firm has a fifty day simple moving average of $18.86 and a two-hundred day simple moving average of $20.65. The firm has a market cap of $9.73 billion, a PE ratio of 10.59, a P/E/G ratio of 1.78 and a beta of 0.49. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $24.88 billion during 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%.Albertsons Companies’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, July 25th. This represents a $0.60 annualized dividend and a dividend yield of 3.5%. Albertsons Companies’s dividend payout ratio is presently 36.59%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ACI. Royal Bank Of Canada decreased their target price on shares of Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Friday. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Albertsons Companies in a report on Saturday, September 27th. Telsey Advisory Group restated an “outperform” rating and set a $24.00 price target on shares of Albertsons Companies in a report on Thursday. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $28.00 price target on shares of Albertsons Companies in a research report on Tuesday, July 8th. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.81.

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.