Nomura Asset Management Co. Ltd. Lowers Stock Holdings in Albertsons Companies, Inc. $ACI

Nomura Asset Management Co. Ltd. lowered its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 85.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 24,556 shares of the company’s stock after selling 141,293 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Albertsons Companies were worth $422,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mason Investment Advisory Services Inc. increased its position in shares of Albertsons Companies by 0.8% during the third quarter. Mason Investment Advisory Services Inc. now owns 79,188 shares of the company’s stock valued at $1,387,000 after acquiring an additional 602 shares in the last quarter. Okabena Investment Services Inc. increased its position in shares of Albertsons Companies by 1.0% during the third quarter. Okabena Investment Services Inc. now owns 63,122 shares of the company’s stock valued at $1,105,000 after acquiring an additional 602 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Albertsons Companies by 32.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,524 shares of the company’s stock valued at $44,000 after acquiring an additional 625 shares in the last quarter. Bank of Nova Scotia increased its position in shares of Albertsons Companies by 5.4% during the second quarter. Bank of Nova Scotia now owns 14,041 shares of the company’s stock valued at $302,000 after acquiring an additional 723 shares in the last quarter. Finally, CWM LLC increased its position in shares of Albertsons Companies by 103.5% during the fourth quarter. CWM LLC now owns 1,435 shares of the company’s stock valued at $25,000 after acquiring an additional 730 shares in the last quarter. Institutional investors own 71.35% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Albertsons Companies Trading Up 3.0%

NYSE:ACI opened at $16.35 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.20 and a debt-to-equity ratio of 4.58. Albertsons Companies, Inc. has a 12 month low of $15.36 and a 12 month high of $22.78. The company has a market cap of $8.09 billion, a PE ratio of 51.10, a price-to-earnings-growth ratio of 1.82 and a beta of 0.40. The company has a 50 day simple moving average of $16.60 and a two-hundred day simple moving average of $17.16.

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, topping the consensus estimate of $0.43 by $0.05. The business had revenue of $20.25 billion for the quarter, compared to analysts’ expectations of $20.49 billion. Albertsons Companies had a net margin of 0.26% and a return on equity of 42.75%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. Research analysts forecast that Albertsons Companies, Inc. will post 2.11 earnings per share for the current year.

Albertsons Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, April 24th. This represents a $0.68 annualized dividend and a dividend yield of 4.2%. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.15. Albertsons Companies’s dividend payout ratio is 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.