Gabelli Funds LLC Has $1.94 Million Position in Albertsons Companies, Inc. $ACI

Gabelli Funds LLC reduced its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 26.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 112,778 shares of the company’s stock after selling 40,500 shares during the quarter. Gabelli Funds LLC’s holdings in Albertsons Companies were worth $1,936,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC boosted 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 purchasing an additional 730 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted 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 purchasing an additional 1,057 shares in the last quarter. NBC Securities Inc. boosted 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 purchasing an additional 885 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in 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 purchasing an additional 625 shares in the last quarter. Finally, Elevation Wealth Partners LLC acquired a new stake in Albertsons Companies during the fourth quarter valued at approximately $46,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Albertsons Companies Trading Down 0.6%

Shares of NYSE:ACI opened at $16.18 on Friday. The company’s 50-day moving average price is $16.87 and its two-hundred day moving average price is $17.29. 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, Inc. has a one year low of $15.55 and a one year high of $22.78. The stock has a market capitalization of $8.00 billion, a PE ratio of 50.55, a price-to-earnings-growth ratio of 1.86 and a beta of 0.43.

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

Albertsons Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders 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 dividend yield of 4.2%. The ex-dividend date was Friday, April 24th. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.15. Albertsons Companies’s dividend payout ratio (DPR) is currently 212.50%.

Albertsons Companies 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.