Michael Theilmann Sells 49,000 Shares of Albertsons Companies (NYSE:ACI) Stock

Albertsons Companies, Inc. (NYSE:ACI) EVP Michael Theilmann sold 49,000 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $17.63, for a total value of $863,870.00. Following the sale, the executive vice president directly owned 289,429 shares of the company’s stock, valued at $5,102,633.27. This represents a 14.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Albertsons Companies Price Performance

NYSE:ACI opened at $17.34 on Friday. The company has a market cap of $8.91 billion, a P/E ratio of 11.19, a P/E/G ratio of 0.52 and a beta of 0.48. The firm’s fifty day moving average price is $17.49 and its two-hundred day moving average price is $18.58. Albertsons Companies, Inc. has a one year low of $15.80 and a one year high of $23.20. The company has a debt-to-equity ratio of 3.36, a current ratio of 0.91 and a quick ratio of 0.20.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Wednesday, January 7th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. Albertsons Companies had a net margin of 1.06% and a return on equity of 38.00%. The business had revenue of $19.12 billion during the quarter, compared to the consensus estimate of $19.18 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. Albertsons Companies’s revenue was up 1.9% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Equities analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, January 23rd. Albertsons Companies’s dividend payout ratio is currently 38.71%.

Hedge Funds Weigh In On Albertsons Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Albertsons Companies during the 2nd quarter worth approximately $320,613,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Albertsons Companies during the second quarter valued at approximately $81,463,000. Sound Shore Management Inc CT bought a new stake in Albertsons Companies during the second quarter worth $65,530,000. LSV Asset Management boosted its holdings in shares of Albertsons Companies by 34.4% in the 2nd quarter. LSV Asset Management now owns 10,578,407 shares of the company’s stock valued at $227,542,000 after purchasing an additional 2,705,368 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Albertsons Companies by 37.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,269,879 shares of the company’s stock valued at $144,803,000 after purchasing an additional 2,239,291 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ACI shares. Tigress Financial boosted their target price on shares of Albertsons Companies from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Telsey Advisory Group cut their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Evercore ISI decreased their target price on shares of Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 23rd. Wells Fargo & Company lowered their target price on shares of Albertsons Companies from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Albertsons Companies in a research note on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.21.

About Albertsons Companies

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.