Caxton Associates LLP Decreases Holdings in Albertsons Companies, Inc. $ACI

Caxton Associates LLP reduced its position in Albertsons Companies, Inc. (NYSE:ACI) by 51.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,252 shares of the company’s stock after selling 146,870 shares during the quarter. Caxton Associates LLP’s holdings in Albertsons Companies were worth $2,931,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Tredje AP fonden raised its stake in shares of Albertsons Companies by 71.7% in the second quarter. Tredje AP fonden now owns 46,647 shares of the company’s stock worth $1,003,000 after purchasing an additional 19,477 shares during the last quarter. Inspire Advisors LLC purchased a new stake in Albertsons Companies in the second quarter valued at approximately $379,000. Islay Capital Management LLC acquired a new position in Albertsons Companies in the 2nd quarter worth approximately $987,000. Geode Capital Management LLC increased its holdings in Albertsons Companies by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 7,901,015 shares of the company’s stock worth $169,510,000 after buying an additional 124,824 shares during the period. Finally, Swiss National Bank raised its position in Albertsons Companies by 7.1% during the 2nd quarter. Swiss National Bank now owns 1,133,900 shares of the company’s stock worth $24,390,000 after buying an additional 75,400 shares during the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Albertsons Companies

In other news, EVP Michael T. Theilmann sold 100,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 338,429 shares in the company, valued at $6,548,601.15. This trade represents a 22.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anuj Dhanda sold 230,000 shares of Albertsons Companies stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $19.25, for a total transaction of $4,427,500.00. Following the completion of the sale, the insider directly owned 300,577 shares in the company, valued at $5,786,107.25. This represents a 43.35% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on ACI shares. Bank of America dropped their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Wall Street Zen downgraded shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Albertsons Companies in a research report on Thursday, October 30th. Tigress Financial boosted their price objective on Albertsons Companies from $28.00 to $29.00 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a research note on Wednesday, October 15th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Albertsons Companies has a consensus rating of “Moderate Buy” and an average target price of $23.77.

Albertsons Companies Trading Up 0.4%

Shares of Albertsons Companies stock opened at $17.35 on Monday. The firm has a 50-day simple moving average of $17.98 and a two-hundred day simple moving average of $19.31. The company has a market cap of $9.53 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 2.83 and a beta of 0.49. Albertsons Companies, Inc. 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 0.20 and a current ratio of 0.81.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Tuesday, October 14th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Albertsons Companies had a return on equity of 36.39% and a net margin of 1.20%.The firm had revenue of $18.92 billion for the quarter, compared to analysts’ expectations of $18.89 billion. During the same period last year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. As a group, equities analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, October 24th. Albertsons Companies’s dividend payout ratio is presently 35.50%.

About Albertsons Companies

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.