Counterpoint Mutual Funds LLC Takes Position in Albertsons Companies, Inc. $ACI

Counterpoint Mutual Funds LLC acquired a new position in shares of Albertsons Companies, Inc. (NYSE:ACI) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 131,778 shares of the company’s stock, valued at approximately $2,307,000.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its holdings in Albertsons Companies by 130.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company’s stock worth $26,000 after purchasing an additional 827 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Albertsons Companies by 98.4% during the second quarter. Allworth Financial LP now owns 1,702 shares of the company’s stock worth $37,000 after buying an additional 844 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Albertsons Companies by 32.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,524 shares of the company’s stock valued at $44,000 after buying an additional 625 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake in Albertsons Companies by 61.7% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,808 shares of the company’s stock valued at $49,000 after acquiring an additional 1,071 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new stake in Albertsons Companies in the 2nd quarter valued at approximately $53,000. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Stock Performance

Shares of ACI opened at $18.51 on Tuesday. The company has a market cap of $9.51 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 0.54 and a beta of 0.48. The firm has a 50-day moving average of $17.41 and a 200-day moving average of $17.99. 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 issued its earnings results on Wednesday, January 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05. The business had revenue of $19.12 billion during the quarter, compared to the consensus estimate of $19.18 billion. Albertsons Companies had a net margin of 1.06% and a return on equity of 38.00%. Albertsons Companies’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. As a group, equities analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, January 23rd. Albertsons Companies’s dividend payout ratio is 38.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed an “outperform” rating on shares of Albertsons Companies in a research note on Monday, December 29th. Barclays decreased their target price on shares of Albertsons Companies from $19.00 to $17.00 and set an “underweight” rating for the company in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Albertsons Companies in a research report on Thursday, January 8th. They set a “hold” rating on the stock. UBS Group decreased their price objective on Albertsons Companies from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on Albertsons Companies from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Albertsons Companies currently has an average rating of “Hold” and a consensus price target of $21.58.

Insider Transactions at Albertsons Companies

In other Albertsons Companies news, EVP Michael T. Theilmann sold 49,000 shares of Albertsons Companies stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $17.63, for a total transaction of $863,870.00. Following the completion of the transaction, the executive vice president directly owned 289,429 shares of the company’s stock, valued at $5,102,633.27. The trade was a 14.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.35% of the stock is owned by corporate insiders.

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.