III Capital Management Buys 95,000 Shares of Albertsons Companies, Inc. $ACI

III Capital Management raised its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 78.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,370 shares of the company’s stock after buying an additional 95,000 shares during the period. Albertsons Companies accounts for approximately 0.5% of III Capital Management’s portfolio, making the stock its 20th biggest holding. III Capital Management’s holdings in Albertsons Companies were worth $3,698,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CWM LLC raised its holdings in 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Albertsons Companies by 185.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,628 shares of the company’s stock valued at $28,000 after buying an additional 1,057 shares in the last quarter. NBC Securities Inc. raised its holdings in Albertsons Companies by 91.2% during the fourth quarter. NBC Securities Inc. now owns 1,855 shares of the company’s stock valued at $32,000 after buying an additional 885 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Albertsons Companies by 172.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,062 shares of the company’s stock valued at $35,000 after buying an additional 1,306 shares in the last quarter. Finally, Elevation Wealth Partners LLC bought a new position in Albertsons Companies during the fourth quarter valued at about $46,000. 71.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACI has been the topic of several recent research reports. UBS Group cut their target price on Albertsons Companies from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. JPMorgan Chase & Co. cut 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. Royal Bank Of Canada restated an “outperform” rating and set a $21.00 target price on shares of Albertsons Companies in a report on Monday, April 6th. Citigroup cut their target price on Albertsons Companies from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, Weiss Ratings lowered Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 29th. 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, the stock has an average rating of “Hold” and a consensus price target of $21.31.

Albertsons Companies Trading Down 4.5%

Albertsons Companies stock opened at $14.41 on Thursday. 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 business’s 50-day simple moving average is $16.28 and its 200-day simple moving average is $17.01. The firm has a market capitalization of $7.12 billion, a PE ratio of 45.02, a PEG ratio of 1.72 and a beta of 0.40. Albertsons Companies, Inc. has a 52 week low of $14.36 and a 52 week high of $22.78.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $20.25 billion for the quarter, compared to analyst estimates of $20.49 billion. Albertsons Companies had a return on equity of 42.75% and a net margin of 0.26%.The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. Equities research analysts forecast that Albertsons Companies, Inc. will post 2.11 earnings per share for the current year.

Albertsons Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.7%. This is a boost 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 (DPR) is 212.50%.

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.