Sound Shore Management Inc. CT Cuts Stake in Albertsons Companies, Inc. $ACI

Sound Shore Management Inc. CT cut its stake in Albertsons Companies, Inc. (NYSE:ACI) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,533,158 shares of the company’s stock after selling 369,021 shares during the quarter. Albertsons Companies comprises about 2.5% of Sound Shore Management Inc. CT’s investment portfolio, making the stock its 26th biggest position. Sound Shore Management Inc. CT’s holdings in Albertsons Companies were worth $77,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC raised its position in Albertsons Companies by 103.5% in the fourth quarter. CWM LLC now owns 1,435 shares of the company’s stock valued at $25,000 after purchasing an additional 730 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Albertsons Companies by 185.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,628 shares of the company’s stock valued at $28,000 after purchasing an additional 1,057 shares during the period. NBC Securities Inc. raised its position in Albertsons Companies by 91.2% in the fourth quarter. NBC Securities Inc. now owns 1,855 shares of the company’s stock valued at $32,000 after purchasing an additional 885 shares during the period. EverSource Wealth Advisors LLC raised its position in 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, Mirae Asset Global Investments Co. Ltd. raised its position in Albertsons Companies by 32.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,524 shares of the company’s stock valued at $44,000 after purchasing an additional 625 shares during the period. 71.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Albertsons Companies Stock Up 1.0%

NYSE:ACI opened at $15.75 on Thursday. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 49.20, a price-to-earnings-growth ratio of 1.78 and a beta of 0.40. Albertsons Companies, Inc. has a one year low of $15.36 and a one year high of $22.78. The stock has a 50-day simple moving average of $16.63 and a 200 day simple moving average of $17.18. The company has a debt-to-equity ratio of 4.58, a quick ratio of 0.20 and a current ratio of 0.86.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $20.25 billion during the quarter, compared to the consensus estimate of $20.49 billion. Albertsons Companies had a return on equity of 42.75% and a net margin of 0.26%.The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. Albertsons Companies has set its FY 2026 guidance at 2.220-2.320 EPS. Sell-side analysts predict 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. Investors of record on Friday, April 24th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.3%. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, April 24th. Albertsons Companies’s payout ratio is 212.50%.

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.