Albertsons Companies, Inc. $ACI Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 53.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 652,061 shares of the company’s stock after selling 740,318 shares during the period. Legal & General Group Plc’s holdings in Albertsons Companies were worth $11,196,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Mason Investment Advisory Services Inc. raised its position in shares of Albertsons Companies by 0.8% during the 3rd quarter. Mason Investment Advisory Services Inc. now owns 79,188 shares of the company’s stock worth $1,387,000 after purchasing an additional 602 shares during the last quarter. Okabena Investment Services Inc. raised its position in shares of Albertsons Companies by 1.0% during the 3rd quarter. Okabena Investment Services Inc. now owns 63,122 shares of the company’s stock worth $1,105,000 after purchasing an additional 602 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Albertsons Companies by 32.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,524 shares of the company’s stock worth $44,000 after purchasing an additional 625 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Albertsons Companies by 5.4% during the 2nd quarter. Bank of Nova Scotia now owns 14,041 shares of the company’s stock worth $302,000 after purchasing an additional 723 shares during the last quarter. Finally, CWM LLC raised its position in shares of Albertsons Companies by 103.5% during the 4th quarter. CWM LLC now owns 1,435 shares of the company’s stock worth $25,000 after purchasing an additional 730 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. UBS Group cut their price objective on Albertsons Companies from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Citigroup cut their price objective on Albertsons Companies from $26.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Weiss Ratings downgraded Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. cut their price objective on Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $21.00 price target on shares of Albertsons Companies in a report on Monday, April 6th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.31.

Albertsons Companies Trading Up 1.0%

Shares of ACI opened at $15.75 on Thursday. The stock has a fifty day moving average of $16.63 and a two-hundred day moving average of $17.18. The company has a debt-to-equity ratio of 4.58, a quick ratio of 0.20 and a current ratio of 0.86. The company has a market capitalization of $7.79 billion, a PE ratio of 49.20, a price-to-earnings-growth ratio of 1.78 and a beta of 0.40. Albertsons Companies, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $22.78.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings results on Tuesday, April 14th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. The company had revenue of $20.25 billion during the quarter, compared to the consensus estimate of $20.49 billion. Albertsons Companies had a return on equity of 42.75% and a net margin of 0.26%.Albertsons Companies’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 EPS. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. As a group, analysts forecast that Albertsons Companies, Inc. will post 2.11 EPS for the current year.

Albertsons Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued a $0.17 dividend. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, April 24th. This represents a $0.68 annualized dividend and a yield of 4.3%. Albertsons Companies’s payout ratio is presently 212.50%.

Albertsons Companies 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.