Private Management Group Inc. Purchases 43,087 Shares of Albertsons Companies, Inc. $ACI

Private Management Group Inc. increased its stake in Albertsons Companies, Inc. (NYSE:ACI) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,403,801 shares of the company’s stock after acquiring an additional 43,087 shares during the period. Albertsons Companies makes up approximately 1.2% of Private Management Group Inc.’s investment portfolio, making the stock its 12th biggest position. Private Management Group Inc. owned 0.47% of Albertsons Companies worth $41,273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ACI. Norges Bank purchased a new position in Albertsons Companies in the fourth quarter worth about $388,089,000. Vanguard Group Inc. grew its position in Albertsons Companies by 14.9% in the fourth quarter. Vanguard Group Inc. now owns 39,330,507 shares of the company’s stock worth $675,305,000 after acquiring an additional 5,110,777 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Albertsons Companies by 37.1% in the third quarter. Dimensional Fund Advisors LP now owns 8,269,879 shares of the company’s stock worth $144,803,000 after acquiring an additional 2,239,291 shares in the last quarter. Sound Shore Management Inc CT grew its position in Albertsons Companies by 60.9% in the third quarter. Sound Shore Management Inc CT now owns 4,902,179 shares of the company’s stock worth $85,837,000 after acquiring an additional 1,855,682 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in Albertsons Companies by 267.7% in the third quarter. Qube Research & Technologies Ltd now owns 2,240,356 shares of the company’s stock worth $39,229,000 after acquiring an additional 1,631,048 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Up 1.0%

Shares of NYSE:ACI opened at $15.44 on Friday. Albertsons Companies, Inc. has a 1 year low of $15.01 and a 1 year high of $22.78. The business has a 50 day simple moving average of $16.48 and a two-hundred day simple moving average of $17.09. The firm has a market capitalization of $7.63 billion, a PE ratio of 48.23, a price-to-earnings-growth ratio of 1.75 and a beta of 0.40. The company has a debt-to-equity ratio of 4.58, a current ratio of 0.86 and a quick ratio of 0.20.

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

Albertsons Companies Increases Dividend

The business 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. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, April 24th. Albertsons Companies’s payout ratio is presently 212.50%.

Wall Street Analyst Weigh In

Several research analysts recently commented on ACI shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $21.00 price target on shares of Albertsons Companies in a research report on Monday, April 6th. Weiss Ratings lowered Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. UBS Group dropped their price target 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. JPMorgan Chase & Co. dropped their target price 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, Citigroup dropped their target price 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. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Albertsons Companies has a consensus rating of “Hold” and a consensus target price of $21.31.

Albertsons Companies Company 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.