Albertsons Companies, Inc. Declares Quarterly Dividend of $0.17 (NYSE:ACI)

Albertsons Companies, Inc. (NYSE:ACI) announced a quarterly dividend on Tuesday, July 14th. Shareholders of record on Friday, July 24th will be paid a dividend of 0.17 per share on Friday, August 7th. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, July 24th.

Albertsons Companies has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 1 years. Albertsons Companies has a payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Albertsons Companies to earn $2.24 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 30.4%.

Albertsons Companies Trading Down 1.3%

Shares of ACI stock opened at $14.60 on Wednesday. The firm has a fifty day moving average of $15.19 and a 200-day moving average of $16.54. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 45.63, a P/E/G ratio of 1.69 and a beta of 0.42. Albertsons Companies has a 52-week low of $13.16 and a 52-week high of $21.75. 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 issued its earnings results on Tuesday, April 14th. The company reported $0.48 earnings per share for the quarter, beating 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 net margin of 0.26% and a return on equity of 42.75%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 EPS. On average, equities research analysts forecast that Albertsons Companies will post 2.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Albertsons Companies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in Albertsons Companies in the 4th quarter worth approximately $388,089,000. Morgan Stanley boosted its position in Albertsons Companies by 101.0% in the 4th quarter. Morgan Stanley now owns 11,687,694 shares of the company’s stock valued at $200,678,000 after buying an additional 5,873,759 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Albertsons Companies by 62.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,429,784 shares of the company’s stock valued at $230,595,000 after buying an additional 5,159,905 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Albertsons Companies by 14.9% in the 4th quarter. Vanguard Group Inc. now owns 39,330,507 shares of the company’s stock valued at $675,305,000 after buying an additional 5,110,777 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Albertsons Companies by 113.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,749,331 shares of the company’s stock valued at $81,546,000 after buying an additional 2,519,432 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.

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.