Albertsons Companies, Inc. (NYSE:ACI – Free Report) – Roth Capital reduced their Q4 2026 EPS estimates for Albertsons Companies in a research note issued on Tuesday, October 14th. Roth Capital analyst W. Kirk now forecasts that the company will post earnings per share of $0.45 for the quarter, down from their prior estimate of $0.47. Roth Capital currently has a “Buy” rating and a $24.00 price target on the stock. The consensus estimate for Albertsons Companies’ current full-year earnings is $2.14 per share.
A number of other research firms have also weighed in on ACI. Wells Fargo & Company cut their target price on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Bank of America cut their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday. Royal Bank Of Canada dropped their price objective on shares of Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Wall Street Zen lowered shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Zacks Research raised shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.50.
Albertsons Companies Trading Up 2.8%
ACI stock opened at $19.77 on Friday. The firm has a fifty day moving average price of $18.55 and a 200 day moving average price of $20.41. Albertsons Companies has a fifty-two week low of $16.70 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.18 and a current ratio of 0.81. The firm has a market cap of $10.86 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 3.29 and a beta of 0.49.
Institutional Trading of Albertsons Companies
Institutional investors and hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its holdings in shares of Albertsons Companies by 130.4% in the third quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company’s stock valued at $26,000 after acquiring an additional 827 shares in the last quarter. West Oak Capital LLC bought a new stake in shares of Albertsons Companies in the second quarter valued at about $30,000. SVB Wealth LLC bought a new stake in shares of Albertsons Companies in the first quarter valued at about $32,000. Allworth Financial LP raised its holdings in shares of Albertsons Companies by 98.4% in the second quarter. Allworth Financial LP now owns 1,702 shares of the company’s stock valued at $37,000 after acquiring an additional 844 shares in the last quarter. Finally, Bessemer Group Inc. bought a new stake in shares of Albertsons Companies in the first quarter valued at about $40,000. 71.35% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Albertsons Companies
In other news, EVP Michael T. Theilmann sold 100,000 shares of Albertsons Companies stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.35, for a total transaction of $1,935,000.00. Following the completion of the sale, the executive vice president directly owned 338,429 shares in the company, valued at approximately $6,548,601.15. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anuj Dhanda sold 230,000 shares of Albertsons Companies stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.25, for a total value of $4,427,500.00. Following the sale, the insider owned 300,577 shares of the company’s stock, valued at approximately $5,786,107.25. This trade represents a 43.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.
Albertsons Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, October 24th. Albertsons Companies’s dividend payout ratio (DPR) is 35.50%.
Albertsons Companies Company 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. It also manufactures and processes food products for sale in stores.
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