Exchange Traded Concepts LLC Purchases Shares of 42,356 Albertsons Companies, Inc. $ACI

Exchange Traded Concepts LLC acquired a new position in Albertsons Companies, Inc. (NYSE:ACI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 42,356 shares of the company’s stock, valued at approximately $742,000.

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

Insider Activity at Albertsons Companies

In related news, EVP Michael T. Theilmann sold 100,000 shares of the stock in a transaction that occurred on Thursday, October 16th. The shares were 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 represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anuj Dhanda sold 230,000 shares of Albertsons Companies stock in a transaction that occurred on Thursday, October 16th. The stock was 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 of the company’s stock, valued at approximately $5,786,107.25. This trade represents a 43.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is owned by insiders.

Albertsons Companies Stock Down 0.7%

ACI stock opened at $17.29 on Tuesday. Albertsons Companies, Inc. has a 1-year low of $16.55 and a 1-year high of $23.20. The business has a fifty day moving average price of $17.81 and a 200-day moving average price of $18.98. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.81 and a quick ratio of 0.20. The stock has a market capitalization of $9.49 billion, a P/E ratio of 10.23, a P/E/G ratio of 2.84 and a beta of 0.49.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, October 14th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Albertsons Companies had a return on equity of 36.39% and a net margin of 1.20%.The company 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 posted $0.51 earnings per share. Albertsons Companies’s revenue was up 2.0% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. Equities analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were issued 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 payout ratio is presently 35.50%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ACI. Bank of America decreased their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Jefferies Financial Group reaffirmed an “outperform” rating on shares of Albertsons Companies in a research report on Monday. Telsey Advisory Group reissued an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a report on Wednesday, October 15th. Royal Bank Of Canada restated an “outperform” rating on shares of Albertsons Companies in a report on Monday. Finally, Tigress Financial lifted their price target on Albertsons Companies from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Albertsons Companies presently has an average rating of “Moderate Buy” and a consensus target price of $23.69.

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.