River Road Asset Management LLC Invests $5.90 Million in Albertsons Companies, Inc. (NYSE:ACI)

River Road Asset Management LLC purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 309,240 shares of the company’s stock, valued at approximately $5,897,000.

Several other large investors also recently bought and sold shares of ACI. BlackRock Inc. grew its stake in shares of Albertsons Companies by 176.9% during the 1st quarter. BlackRock Inc. now owns 4,983,422 shares of the company’s stock worth $95,034,000 after purchasing an additional 3,183,750 shares during the period. Norges Bank acquired a new position in shares of Albertsons Companies during the 4th quarter worth $34,361,000. Olympus Peak Asset Management LP acquired a new position in shares of Albertsons Companies during the 4th quarter worth $27,935,000. Seizert Capital Partners LLC acquired a new position in shares of Albertsons Companies during the 4th quarter worth $21,132,000. Finally, Morgan Stanley grew its stake in shares of Albertsons Companies by 1,416.1% during the 4th quarter. Morgan Stanley now owns 1,238,767 shares of the company’s stock worth $21,777,000 after purchasing an additional 1,157,060 shares during the period. 57.28% of the stock is currently owned by institutional investors and hedge funds.

ACI has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Albertsons Companies from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 5th. Zacks Investment Research lowered shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 27th. Credit Suisse Group boosted their price objective on shares of Albertsons Companies from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 27th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $20.00 price objective (down from $23.00) on shares of Albertsons Companies in a research report on Monday, May 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Albertsons Companies from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, April 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. Albertsons Companies has a consensus rating of “Buy” and an average target price of $20.06.

Shares of ACI stock opened at $20.96 on Thursday. The stock has a market cap of $9.78 billion and a price-to-earnings ratio of 15.88. Albertsons Companies, Inc. has a 1-year low of $12.91 and a 1-year high of $21.23. The company has a debt-to-equity ratio of 6.12, a quick ratio of 0.39 and a current ratio of 1.02. The business’s 50-day moving average is $19.20.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Sunday, April 25th. The company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.09. The business had revenue of $15.28 billion for the quarter, compared to analyst estimates of $15.66 billion. Albertsons Companies had a net margin of 1.22% and a return on equity of 137.75%. Albertsons Companies’s revenue was down 1.0% on a year-over-year basis. As a group, equities analysts expect that Albertsons Companies, Inc. will post 1.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 10th. Stockholders of record on Monday, April 26th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, April 23rd. This represents a $0.40 annualized dividend and a dividend yield of 1.91%. Albertsons Companies’s payout ratio is currently 12.35%.

Albertsons Companies Profile

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.

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Institutional Ownership by Quarter for Albertsons Companies (NYSE:ACI)

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