E. Ohman J or Asset Management AB Purchases 416,493 Shares of Albertsons Companies, Inc. $ACI

E. Ohman J or Asset Management AB grew its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 32.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,700,441 shares of the company’s stock after acquiring an additional 416,493 shares during the quarter. E. Ohman J or Asset Management AB owned 0.31% of Albertsons Companies worth $29,775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new position in Albertsons Companies during the second quarter worth about $320,613,000. AQR Capital Management LLC grew its position in shares of Albertsons Companies by 1,601.1% during the 1st quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company’s stock worth $103,807,000 after purchasing an additional 4,451,250 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Albertsons Companies during the second quarter worth approximately $81,463,000. Voya Investment Management LLC increased its holdings in shares of Albertsons Companies by 6,541.5% during the first quarter. Voya Investment Management LLC now owns 3,723,616 shares of the company’s stock worth $81,882,000 after purchasing an additional 3,667,550 shares during the period. Finally, Sound Shore Management Inc CT acquired a new stake in shares of Albertsons Companies in the second quarter valued at approximately $65,530,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ACI shares. Telsey Advisory Group reissued an “outperform” rating and set a $24.00 price target on shares of Albertsons Companies in a research report on Wednesday, October 15th. JPMorgan Chase & Co. cut their target price on Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Bank of America decreased their price target on Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Albertsons Companies in a research note on Thursday, October 30th. Finally, Royal Bank Of Canada cut 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 report on Friday, October 3rd. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.69.

Insider Activity at Albertsons Companies

In other Albertsons Companies news, insider Anuj Dhanda sold 230,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The shares were 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 in the company, valued at $5,786,107.25. This trade represents a 43.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael T. Theilmann sold 100,000 shares of the business’s 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 sale, the executive vice president directly owned 338,429 shares in the company, valued at approximately $6,548,601.15. The trade was a 22.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.35% of the company’s stock.

Albertsons Companies Trading Up 0.7%

Shares of ACI opened at $17.40 on Friday. 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, Inc. has a 52-week low of $16.55 and a 52-week high of $23.20. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 2.84 and a beta of 0.49. The business’s fifty day moving average is $17.86 and its 200-day moving average is $19.03.

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

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, October 24th. Albertsons Companies’s dividend payout ratio (DPR) is presently 35.50%.

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.