Okabena Investment Services Inc. Sells 49,509 Shares of Albertsons Companies, Inc. $ACI

Okabena Investment Services Inc. trimmed its position in Albertsons Companies, Inc. (NYSE:ACI) by 78.4% during the 4th quarter, HoldingsChannel reports. The firm owned 13,613 shares of the company’s stock after selling 49,509 shares during the quarter. Okabena Investment Services Inc.’s holdings in Albertsons Companies were worth $234,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CWM LLC increased its holdings in shares of Albertsons Companies by 103.5% in the fourth quarter. CWM LLC now owns 1,435 shares of the company’s stock worth $25,000 after purchasing an additional 730 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Albertsons Companies by 185.1% in 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 during the last quarter. NBC Securities Inc. increased its holdings in shares of Albertsons Companies by 91.2% in 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 during the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 worth $35,000 after purchasing an additional 1,306 shares during the last quarter. Finally, Elevation Wealth Partners LLC bought a new stake in shares of Albertsons Companies in the fourth quarter worth about $46,000. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Trading Down 3.8%

Shares of NYSE ACI opened at $14.83 on Tuesday. The business’s 50 day moving average is $16.40 and its two-hundred day moving average is $17.06. 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 1-year low of $14.81 and a 1-year high of $22.78. The stock has a market capitalization of $7.33 billion, a P/E ratio of 46.35, a PEG ratio of 1.76 and a beta of 0.40.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data 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. Albertsons Companies had a return on equity of 42.75% and a net margin of 0.26%.The company had revenue of $20.25 billion for the quarter, compared to analysts’ expectations of $20.49 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. As a group, research analysts expect that Albertsons Companies, Inc. will post 2.11 EPS for the current year.

Albertsons Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, April 24th. This is an increase from Albertsons Companies’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 4.6%. Albertsons Companies’s payout ratio is presently 212.50%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. UBS Group reduced their target price on Albertsons Companies from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Citigroup reduced their target price on Albertsons Companies from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Albertsons Companies in a report on Monday, April 6th. JPMorgan Chase & Co. reduced their target price on Albertsons Companies from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Finally, Weiss Ratings cut Albertsons Companies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 29th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.31.

About Albertsons Companies

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.