Highland Capital Management LLC Invests $264,000 in Albertsons Companies, Inc. $ACI

Highland Capital Management LLC purchased a new stake in Albertsons Companies, Inc. (NYSE:ACI) during the second quarter, Holdings Channel reports. The institutional investor purchased 12,281 shares of the company’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. West Oak Capital LLC bought a new position in shares of Albertsons Companies during the second quarter worth $30,000. SVB Wealth LLC acquired a new stake in Albertsons Companies during the 1st quarter worth $32,000. Bessemer Group Inc. acquired a new stake in Albertsons Companies during the 1st quarter worth $40,000. GAMMA Investing LLC lifted its holdings in Albertsons Companies by 340.1% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock worth $42,000 after acquiring an additional 1,483 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in Albertsons Companies in the second quarter valued at about $43,000. Institutional investors own 71.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays began coverage on Albertsons Companies in a research note on Monday, July 21st. They set an “underweight” rating and a $19.00 target price for the company. Tigress Financial reissued a “buy” rating and set a $28.00 price objective on shares of Albertsons Companies in a research report on Tuesday, July 8th. Zacks Research upgraded shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. JPMorgan Chase & Co. began coverage on shares of Albertsons Companies in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $27.00 target price for the company. Finally, UBS Group raised Albertsons Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $22.00 to $27.00 in a research note on Tuesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Albertsons Companies presently has a consensus rating of “Moderate Buy” and an average price target of $23.81.

Albertsons Companies Stock Up 0.1%

Albertsons Companies stock opened at $17.38 on Monday. The company’s 50-day moving average price is $18.86 and its two-hundred day moving average price is $20.65. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 2.17. The stock has a market cap of $9.73 billion, a P/E ratio of 10.59, a P/E/G ratio of 1.78 and a beta of 0.49. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $24.88 billion for the quarter, compared to the consensus estimate of $24.68 billion. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. As a group, analysts expect 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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, July 25th. Albertsons Companies’s payout ratio is presently 36.59%.

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.