Citigroup Inc. Purchases 29,838 Shares of Albertsons Companies, Inc. $ACI

Citigroup Inc. increased its position in Albertsons Companies, Inc. (NYSE:ACI) by 10.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,678 shares of the company’s stock after buying an additional 29,838 shares during the quarter. Citigroup Inc. owned 0.06% of Albertsons Companies worth $5,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of ACI. Goldman Sachs Group Inc. raised its stake in shares of Albertsons Companies by 109.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,542,468 shares of the company’s stock worth $33,919,000 after acquiring an additional 806,336 shares in the last quarter. Empowered Funds LLC purchased a new position in Albertsons Companies in the 1st quarter worth $1,090,000. Envestnet Asset Management Inc. lifted its stake in Albertsons Companies by 6.2% in the second quarter. Envestnet Asset Management Inc. now owns 119,611 shares of the company’s stock worth $2,573,000 after purchasing an additional 6,938 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Albertsons Companies by 1,600.0% during the second quarter. Hantz Financial Services Inc. now owns 3,315 shares of the company’s stock valued at $71,000 after buying an additional 3,120 shares during the period. Finally, Tredje AP fonden boosted its position in Albertsons Companies by 71.7% during the second quarter. Tredje AP fonden now owns 46,647 shares of the company’s stock valued at $1,003,000 after buying an additional 19,477 shares during the period. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Performance

Shares of ACI stock opened at $17.54 on Wednesday. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 0.50 and a beta of 0.48. The stock has a fifty day moving average of $17.46 and a 200 day moving average of $17.93. Albertsons Companies, Inc. has a 52 week low of $15.80 and a 52 week high of $23.20. The company has a quick ratio of 0.20, a current ratio of 0.91 and a debt-to-equity ratio of 3.36.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Wednesday, January 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $19.18 billion. During the same period in the previous year, the firm earned $0.71 EPS. The company’s quarterly 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. As a group, research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were issued a $0.15 dividend. The ex-dividend date was Friday, January 23rd. This represents a $0.60 annualized dividend and a yield of 3.4%. Albertsons Companies’s dividend payout ratio (DPR) is 38.71%.

Insiders Place Their Bets

In other Albertsons Companies news, EVP Michael T. Theilmann sold 49,000 shares of Albertsons Companies stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $17.63, for a total transaction of $863,870.00. Following the sale, the executive vice president directly owned 289,429 shares of the company’s stock, valued at approximately $5,102,633.27. The trade was a 14.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Albertsons Companies in a research note on Tuesday, January 27th. Morgan Stanley reiterated an “underweight” rating and issued a $14.00 price objective (down from $20.00) on shares of Albertsons Companies in a research report on Thursday, January 15th. Jefferies Financial Group restated an “outperform” rating on shares of Albertsons Companies in a report on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Albertsons Companies in a research note on Monday, December 29th. Finally, Evercore dropped their price target on shares of Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating for the company in a research report on Tuesday, December 23rd. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $21.58.

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.