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

RHS Financial LLC acquired a new stake in Albertsons Companies, Inc. (NYSE:ACI) in the second quarter, HoldingsChannel.com reports. The firm acquired 19,850 shares of the company’s stock, valued at approximately $427,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Personalized Indexing Management LLC grew its position in shares of Albertsons Companies by 15.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,611 shares of the company’s stock valued at $1,325,000 after purchasing an additional 8,293 shares during the period. Aberdeen Group plc grew its position in shares of Albertsons Companies by 29.9% in the second quarter. Aberdeen Group plc now owns 15,969 shares of the company’s stock valued at $343,000 after purchasing an additional 3,677 shares during the period. KLP Kapitalforvaltning AS grew its position in Albertsons Companies by 27.9% during the second quarter. KLP Kapitalforvaltning AS now owns 149,300 shares of the company’s stock valued at $3,211,000 after acquiring an additional 32,600 shares during the period. Belpointe Asset Management LLC purchased a new stake in Albertsons Companies during the second quarter valued at about $210,000. Finally, Highland Capital Management LLC purchased a new stake in Albertsons Companies during the second quarter valued at about $264,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Price Performance

Shares of NYSE ACI opened at $17.15 on Monday. Albertsons Companies, Inc. has a 1-year low of $16.70 and a 1-year high of $23.20. The business has a 50-day moving average of $18.62 and a 200-day moving average of $20.51. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.82 and a quick ratio of 0.18. The company has a market capitalization of $9.60 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 1.75 and a beta of 0.49.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $24.68 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. The company’s revenue 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. On average, equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a $0.15 dividend. The ex-dividend date was Friday, July 25th. This represents a $0.60 annualized dividend and a dividend yield of 3.5%. Albertsons Companies’s payout ratio is 36.59%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ACI. Weiss Ratings reissued a “hold (c)” rating on shares of Albertsons Companies in a research report on Wednesday, October 8th. UBS Group raised Albertsons Companies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $22.00 to $27.00 in a research report on Tuesday, July 22nd. Barclays began coverage on Albertsons Companies in a research report on Monday, July 21st. They set an “underweight” rating and a $19.00 price target for the company. Roth Capital reissued a “buy” rating and set a $24.00 price target (up previously from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $24.00 price target on shares of Albertsons Companies in a research report on Thursday, October 2nd. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Albertsons Companies currently has a consensus rating of “Moderate Buy” and an average price target of $23.63.

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.