Albertsons Companies, Inc. (NYSE:ACI – Get Free Report) has been given a consensus recommendation of “Hold” by the seventeen brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $21.3077.
Several brokerages recently issued reports on ACI. JPMorgan Chase & Co. cut their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, April 15th. Citigroup cut their price target on shares of Albertsons Companies from $26.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Morgan Stanley reissued an “underweight” rating and set a $14.00 price target (down from $20.00) on shares of Albertsons Companies in a report on Thursday, January 15th. Weiss Ratings downgraded shares of Albertsons Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $21.00 price target on shares of Albertsons Companies in a report on Monday, April 6th.
Check Out Our Latest Stock Report on Albertsons Companies
Albertsons Companies Trading Down 0.2%
Albertsons Companies (NYSE:ACI – Get Free Report) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. Albertsons Companies had a net margin of 0.26% and a return on equity of 42.75%. The firm had revenue of $20.25 billion during the quarter, compared to the consensus estimate of $20.49 billion. During the same period last year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. Research analysts forecast that Albertsons Companies will post 2.11 earnings per share for the current fiscal year.
Albertsons Companies Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $0.68 annualized dividend and a yield of 4.3%. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.15. Albertsons Companies’s payout ratio is 212.50%.
Hedge Funds Weigh In On Albertsons Companies
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Albertsons Companies by 14.9% in the fourth quarter. Vanguard Group Inc. now owns 39,330,507 shares of the company’s stock worth $675,305,000 after acquiring an additional 5,110,777 shares during the last quarter. Norges Bank bought a new stake in shares of Albertsons Companies during the fourth quarter worth approximately $388,089,000. Dimensional Fund Advisors LP raised its stake in shares of Albertsons Companies by 11.8% during the first quarter. Dimensional Fund Advisors LP now owns 15,013,525 shares of the company’s stock worth $255,855,000 after buying an additional 1,583,741 shares during the last quarter. Morgan Stanley raised its stake in shares of Albertsons Companies by 101.0% during the fourth quarter. Morgan Stanley now owns 11,687,694 shares of the company’s stock worth $200,678,000 after buying an additional 5,873,759 shares during the last quarter. Finally, LSV Asset Management raised its stake in shares of Albertsons Companies by 1.7% during the fourth quarter. LSV Asset Management now owns 11,130,407 shares of the company’s stock worth $191,109,000 after buying an additional 183,900 shares during the last quarter. 71.35% of the stock is owned by institutional investors.
Albertsons Companies Company Profile
Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.
Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.
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