Clearstead Advisors LLC Grows Position in Albertsons Companies, Inc. $ACI

Clearstead Advisors LLC lifted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 82.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 889,713 shares of the company’s stock after acquiring an additional 400,936 shares during the quarter. Clearstead Advisors LLC’s holdings in Albertsons Companies were worth $15,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Mason Investment Advisory Services Inc. boosted 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 buying an additional 602 shares during the last quarter. Okabena Investment Services Inc. boosted 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 buying an additional 602 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted 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 buying an additional 625 shares during the last quarter. Bank of Nova Scotia boosted 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 buying an additional 723 shares during the last quarter. Finally, CWM LLC boosted 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 buying an additional 730 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Stock Down 0.2%

ACI stock opened at $16.18 on Monday. Albertsons Companies, Inc. has a fifty-two week low of $15.55 and a fifty-two week high of $22.78. The business’s 50-day moving average is $16.87 and its two-hundred day moving average is $17.29. 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 cap of $8.00 billion, a price-to-earnings ratio of 50.55, a P/E/G ratio of 1.85 and a beta of 0.43.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Tuesday, April 14th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Albertsons Companies had a return on equity of 42.75% and a net margin of 0.26%.The company had revenue of $20.25 billion for the quarter, compared to the consensus estimate of $20.49 billion. During the same quarter in the prior year, the company earned $0.46 earnings per share. Albertsons Companies’s 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. As a group, analysts forecast that Albertsons Companies, Inc. will post 2.11 earnings per share for the current year.

Albertsons Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.2%. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, April 24th. Albertsons Companies’s dividend payout ratio is 212.50%.

Wall Street Analyst Weigh In

ACI has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Albertsons Companies in a research report on Monday, April 6th. UBS Group dropped their price objective on Albertsons Companies from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Citigroup dropped their price objective on Albertsons Companies from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Weiss Ratings cut Albertsons Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lowered their target price on Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.31.

About Albertsons Companies

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.