9,755 Shares in Albertsons Companies, Inc. $ACI Acquired by Belpointe Asset Management LLC

Belpointe Asset Management LLC purchased a new position in Albertsons Companies, Inc. (NYSE:ACI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,755 shares of the company’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Albertsons Companies by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 37,374,669 shares of the company’s stock worth $821,869,000 after purchasing an additional 1,064,547 shares during the period. LSV Asset Management boosted its stake in Albertsons Companies by 52.9% in the 1st 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 period. Dimensional Fund Advisors LP boosted its stake in Albertsons Companies by 17.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,462,715 shares of the company’s stock worth $120,102,000 after purchasing an additional 825,983 shares during the period. AQR Capital Management LLC boosted its stake in Albertsons Companies by 1,601.1% in the 1st quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company’s stock worth $103,807,000 after purchasing an additional 4,451,250 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Albertsons Companies by 35.1% in the 1st quarter. Bank of New York Mellon Corp now owns 4,573,260 shares of the company’s stock worth $100,566,000 after purchasing an additional 1,189,103 shares during the period. 71.35% of the stock is currently owned by institutional investors.

Albertsons Companies Trading Down 0.8%

Shares of ACI opened at $17.15 on Friday. The company’s fifty day moving average is $18.62 and its 200 day moving average is $20.52. Albertsons Companies, Inc. has a fifty-two week low of $16.70 and a fifty-two week high of $23.20. The stock has a market capitalization of $9.60 billion, a PE ratio of 10.46, a P/E/G ratio of 1.75 and a beta of 0.49. 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 (NYSE:ACI) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $24.88 billion for the quarter, compared to analysts’ expectations of $24.68 billion. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. Albertsons Companies’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. Sell-side analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The company 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 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies’s payout ratio is presently 36.59%.

Analyst Ratings Changes

Several research firms have weighed in on ACI. Weiss Ratings restated a “hold (c)” rating on shares of Albertsons Companies in a research note on Wednesday. UBS Group upgraded Albertsons Companies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Wall Street Zen downgraded Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. JPMorgan Chase & Co. cut their target price on shares of Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Zacks Research upgraded shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.63.

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.