River Road Asset Management LLC Increases Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

River Road Asset Management LLC raised its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 44.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 446,639 shares of the company’s stock after buying an additional 137,399 shares during the quarter. River Road Asset Management LLC owned about 0.10% of Albertsons Companies worth $8,781,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Man Group plc lifted its position in Albertsons Companies by 24.7% during the first quarter. Man Group plc now owns 195,415 shares of the company’s stock valued at $3,726,000 after buying an additional 38,723 shares during the period. Perigon Wealth Management LLC purchased a new position in shares of Albertsons Companies in the 1st quarter worth about $303,000. Hohimer Wealth Management LLC raised its position in shares of Albertsons Companies by 3.2% in the 2nd quarter. Hohimer Wealth Management LLC now owns 281,967 shares of the company’s stock worth $5,543,000 after purchasing an additional 8,829 shares during the last quarter. Amalgamated Bank purchased a new position in shares of Albertsons Companies in the 1st quarter worth about $424,000. Finally, Redwood Investment Management LLC purchased a new position in shares of Albertsons Companies in the 1st quarter worth about $2,969,000. 58.78% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the company. Credit Suisse Group lifted their price target on Albertsons Companies from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, July 30th. Tigress Financial lowered Albertsons Companies from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research report on Wednesday, August 11th. Telsey Advisory Group lifted their price target on Albertsons Companies from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Albertsons Companies from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, July 19th. Finally, Morgan Stanley boosted their target price on Albertsons Companies from $15.00 to $20.00 and gave the stock an “underweight” rating in a research report on Monday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Albertsons Companies has an average rating of “Hold” and an average target price of $23.64.

Shares of Albertsons Companies stock traded up $0.15 during trading hours on Wednesday, reaching $29.78. 4,104 shares of the stock traded hands, compared to its average volume of 1,798,707. The company has a 50 day moving average price of $25.76 and a 200 day moving average price of $21.48. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 1.12 and a beta of 0.05. Albertsons Companies, Inc. has a one year low of $12.91 and a one year high of $34.09. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 4.80.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Wednesday, July 28th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.21. Albertsons Companies had a return on equity of 107.72% and a net margin of 1.04%. Sell-side analysts anticipate that Albertsons Companies, Inc. will post 2.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 10th. Investors of record on Monday, July 26th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, July 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.34%. Albertsons Companies’s dividend payout ratio (DPR) is presently 12.35%.

Albertsons Companies Profile

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. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.

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Institutional Ownership by Quarter for Albertsons Companies (NYSE:ACI)

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