Castleview Partners LLC Takes Position in Albertsons Companies, Inc. $ACI

Castleview Partners LLC bought a new stake in Albertsons Companies, Inc. (NYSE:ACI) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 71,300 shares of the company’s stock, valued at approximately $1,224,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its position in Albertsons Companies by 130.4% during the third quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company’s stock valued at $26,000 after buying an additional 827 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Albertsons Companies by 185.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,628 shares of the company’s stock worth $28,000 after acquiring an additional 1,057 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Albertsons Companies by 32.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,524 shares of the company’s stock worth $44,000 after acquiring an additional 625 shares during the period. Elevation Wealth Partners LLC purchased a new stake in shares of Albertsons Companies during the 4th quarter worth about $46,000. Finally, Deseret Mutual Benefit Administrators boosted its stake in shares of Albertsons Companies by 61.7% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,808 shares of the company’s stock worth $49,000 after acquiring an additional 1,071 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Price Performance

NYSE:ACI opened at $16.58 on Thursday. Albertsons Companies, Inc. has a one year low of $15.80 and a one year high of $23.20. The stock has a market cap of $8.52 billion, a PE ratio of 10.69, a P/E/G ratio of 0.48 and a beta of 0.48. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.20 and a current ratio of 0.91. The stock has a 50 day moving average price of $17.47 and a 200 day moving average price of $17.69.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Wednesday, January 7th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Albertsons Companies had a return on equity of 38.00% and a net margin of 1.06%.The company had revenue of $19.12 billion for the quarter, compared to analyst estimates of $19.18 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The firm’s revenue for the quarter 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 research analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. Albertsons Companies’s dividend payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. BMO Capital Markets dropped their target price on Albertsons Companies from $25.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Albertsons Companies in a report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on Albertsons Companies from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. UBS Group dropped their price objective on Albertsons Companies from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, Evercore cut their price objective on 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 given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Albertsons Companies presently has a consensus rating of “Hold” and a consensus target price of $21.58.

Insider Activity

In related news, EVP Michael T. Theilmann sold 49,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 289,429 shares in the company, valued at approximately $5,102,633.27. This trade represents a 14.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.35% of the company’s stock.

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.