Bank of New York Mellon Corp Boosts Holdings in Albertsons Companies, Inc. $ACI

Bank of New York Mellon Corp raised its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,360,520 shares of the company’s stock after acquiring an additional 266,168 shares during the quarter. Bank of New York Mellon Corp’s holdings in Albertsons Companies were worth $92,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Albertsons Companies during the 4th quarter valued at about $388,089,000. Towle & Co. increased its holdings in Albertsons Companies by 674.2% during the 3rd quarter. Towle & Co. now owns 339,227 shares of the company’s stock valued at $5,940,000 after acquiring an additional 295,413 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Albertsons Companies by 14.9% during the 4th quarter. Vanguard Group Inc. now owns 39,330,507 shares of the company’s stock worth $675,305,000 after purchasing an additional 5,110,777 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Albertsons Companies during the 3rd quarter worth about $2,307,000. Finally, Private Management Group Inc. boosted its stake in shares of Albertsons Companies by 8.4% during the 3rd quarter. Private Management Group Inc. now owns 2,360,714 shares of the company’s stock worth $41,336,000 after purchasing an additional 182,638 shares during the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Albertsons Companies Price Performance

Albertsons Companies stock opened at $16.15 on Tuesday. The firm’s 50-day moving average is $16.59 and its two-hundred day moving average is $17.14. 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 12-month low of $15.36 and a 12-month high of $22.78. The stock has a market capitalization of $7.99 billion, a P/E ratio of 50.46, a P/E/G ratio of 1.87 and a beta of 0.40.

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

Albertsons Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were given a $0.17 dividend. 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 4.2%. The ex-dividend date of this dividend was Friday, April 24th. Albertsons Companies’s dividend payout ratio is 212.50%.

Analyst Ratings Changes

Several equities research analysts have issued reports on ACI shares. JPMorgan Chase & Co. decreased their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. UBS Group decreased their price target on shares of Albertsons Companies from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 price target on shares of Albertsons Companies in a research note on Monday, April 6th. Citigroup decreased their price target on shares of Albertsons Companies from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Finally, Weiss Ratings cut shares of Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Ten 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.