RHS Financial LLC Takes $427,000 Position in Albertsons Companies, Inc. $ACI

RHS Financial LLC purchased a new stake in Albertsons Companies, Inc. (NYSE:ACI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 19,850 shares of the company’s stock, valued at approximately $427,000.

Several other hedge funds have also modified their holdings of the business. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Albertsons Companies by 15.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,611 shares of the company’s stock valued at $1,325,000 after buying an additional 8,293 shares during the period. Aberdeen Group plc lifted its holdings in shares of Albertsons Companies by 29.9% in the 2nd quarter. Aberdeen Group plc now owns 15,969 shares of the company’s stock valued at $343,000 after buying an additional 3,677 shares during the period. KLP Kapitalforvaltning AS lifted its holdings in shares of Albertsons Companies by 27.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 149,300 shares of the company’s stock valued at $3,211,000 after buying an additional 32,600 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Albertsons Companies in the 2nd quarter valued at approximately $210,000. Finally, Highland Capital Management LLC acquired a new stake in shares of Albertsons Companies in the 2nd quarter valued at approximately $264,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACI has been the subject of several recent analyst reports. Zacks Research raised Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Barclays initiated coverage on Albertsons Companies in a report on Monday, July 21st. They set an “underweight” rating and a $19.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Albertsons Companies in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Finally, UBS Group raised Albertsons Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $22.00 to $27.00 in a report on Tuesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Albertsons Companies has an average rating of “Moderate Buy” and an average price target of $23.63.

Albertsons Companies Stock Performance

NYSE ACI opened at $17.15 on Monday. 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 cap of $9.60 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49. The business has a fifty day moving average of $18.62 and a 200-day moving average of $20.51. 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 released its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The company had revenue of $24.88 billion during the quarter, compared to analysts’ expectations of $24.68 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. As a group, analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were issued 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 of this dividend was Friday, July 25th. Albertsons Companies’s payout ratio is 36.59%.

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.