Louisiana State Employees Retirement System Invests $1.83 Million in Albertsons Companies, Inc. $ACI

Louisiana State Employees Retirement System acquired a new stake in Albertsons Companies, Inc. (NYSE:ACI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 107,300 shares of the company’s stock, valued at approximately $1,828,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC grew its position in Albertsons Companies by 103.5% in the 4th quarter. CWM LLC now owns 1,435 shares of the company’s stock valued at $25,000 after acquiring an additional 730 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Albertsons Companies by 185.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,628 shares of the company’s stock worth $28,000 after purchasing an additional 1,057 shares in the last quarter. NBC Securities Inc. lifted its position in shares of Albertsons Companies by 91.2% during the fourth quarter. NBC Securities Inc. now owns 1,855 shares of the company’s stock worth $32,000 after purchasing an additional 885 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Albertsons Companies by 172.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,062 shares of the company’s stock valued at $35,000 after purchasing an additional 1,306 shares during the period. Finally, Elevation Wealth Partners LLC purchased a new position in shares of Albertsons Companies in the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Trading Up 0.3%

NYSE:ACI opened at $13.52 on Wednesday. Albertsons Companies, Inc. has a 1 year low of $13.16 and a 1 year high of $22.78. The stock has a market cap of $6.62 billion, a P/E ratio of 42.24, a P/E/G ratio of 1.54 and a beta of 0.40. 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 stock has a 50-day simple moving average of $15.67 and a 200-day simple moving average of $16.76.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Tuesday, April 14th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. As a group, analysts anticipate that Albertsons Companies, Inc. will post 2.11 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Friday, April 24th. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.15. Albertsons Companies’s dividend payout ratio (DPR) is currently 212.50%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 target price on shares of Albertsons Companies in a research note on Monday, April 6th. Citigroup decreased their price target on shares of Albertsons Companies from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Monday. Wells Fargo & Company dropped their price target on shares of Albertsons Companies from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday. Weiss Ratings lowered Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Albertsons Companies from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Albertsons Companies currently has a consensus rating of “Hold” and an average price target of $20.54.

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.