GABELLI & Co INVESTMENT ADVISERS INC. Has $1.34 Million Stake in Albertsons Companies, Inc. $ACI

GABELLI & Co INVESTMENT ADVISERS INC. trimmed its position in Albertsons Companies, Inc. (NYSE:ACI) by 43.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,745 shares of the company’s stock after selling 60,750 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Albertsons Companies were worth $1,335,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ACI. Goldman Sachs Group Inc. raised its stake in shares of Albertsons Companies by 109.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,542,468 shares of the company’s stock valued at $33,919,000 after purchasing an additional 806,336 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Albertsons Companies in the first quarter valued at $1,090,000. M&T Bank Corp increased its stake in Albertsons Companies by 21.4% in the second quarter. M&T Bank Corp now owns 14,364 shares of the company’s stock valued at $308,000 after acquiring an additional 2,528 shares during the period. First Trust Advisors LP increased its stake in Albertsons Companies by 39.3% in the second quarter. First Trust Advisors LP now owns 504,944 shares of the company’s stock valued at $10,861,000 after acquiring an additional 142,457 shares during the period. Finally, Bank of Nova Scotia increased its stake in Albertsons Companies by 5.4% in the second quarter. Bank of Nova Scotia now owns 14,041 shares of the company’s stock valued at $302,000 after acquiring an additional 723 shares during the period. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on ACI shares. UBS Group lowered their target price 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 reissued an “outperform” rating and issued a $21.00 target price on shares of Albertsons Companies in a research note on Monday, April 6th. JPMorgan Chase & Co. lowered their target price 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. Weiss Ratings cut shares of Albertsons Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, April 21st. Finally, Citigroup lowered their target price 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. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $21.31.

Albertsons Companies Price Performance

NYSE:ACI opened at $16.41 on Monday. The firm has a market cap of $8.11 billion, a PE ratio of 51.27, a price-to-earnings-growth ratio of 1.88 and a beta of 0.43. Albertsons Companies, Inc. has a 12 month low of $15.55 and a 12 month high of $22.78. The company has a quick ratio of 0.20, a current ratio of 0.86 and a debt-to-equity ratio of 4.58. The company’s 50-day moving average price is $16.91 and its two-hundred day moving average price is $17.33.

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

Albertsons Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.1%. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, April 24th. Albertsons Companies’s dividend payout ratio (DPR) is presently 212.50%.

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.