Allianz Asset Management GmbH Sells 698,517 Shares of Albertsons Companies, Inc. $ACI

Allianz Asset Management GmbH reduced its position in Albertsons Companies, Inc. (NYSE:ACI) by 81.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 156,811 shares of the company’s stock after selling 698,517 shares during the period. Allianz Asset Management GmbH’s holdings in Albertsons Companies were worth $2,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ACI. Harbor Capital Advisors Inc. lifted its holdings in Albertsons Companies by 130.4% in the third quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company’s stock valued at $26,000 after acquiring an additional 827 shares during the period. Allworth Financial LP increased its position in shares of Albertsons Companies by 98.4% during the 2nd quarter. Allworth Financial LP now owns 1,702 shares of the company’s stock valued at $37,000 after purchasing an additional 844 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of 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 worth $44,000 after purchasing an additional 625 shares during the period. Deseret Mutual Benefit Administrators lifted its stake in shares of Albertsons Companies by 61.7% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,808 shares of the company’s stock worth $49,000 after purchasing an additional 1,071 shares during the period. Finally, Employees Retirement System of Texas purchased a new position in shares of Albertsons Companies in the second quarter worth approximately $53,000. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Price Performance

Shares of ACI opened at $17.73 on Thursday. The company has a market cap of $9.11 billion, a P/E ratio of 11.44, a PEG ratio of 0.53 and a beta of 0.48. Albertsons Companies, Inc. has a fifty-two week low of $15.80 and a fifty-two 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. The firm’s 50 day moving average price is $17.26 and its 200 day moving average price is $18.07.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings results on Wednesday, January 7th. The company reported $0.72 EPS for the quarter, beating 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 company had revenue of $19.12 billion during the quarter, compared to analysts’ expectations of $19.18 billion. During the same quarter last year, the company posted $0.71 EPS. The firm’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. On average, research 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 declared a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were given 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 yield of 3.4%. Albertsons Companies’s dividend payout ratio (DPR) is currently 38.71%.

Insider Activity

In other news, EVP Michael T. Theilmann sold 49,000 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was 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 approximately $5,102,633.27. The trade was a 14.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Bank of America reduced their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Tigress Financial upped their price objective on Albertsons Companies from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Wells Fargo & Company decreased their target price on Albertsons Companies from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Barclays cut their price target on Albertsons Companies from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Thursday, January 8th. Finally, Evercore reduced their price target 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 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 MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.58.

Albertsons Companies Company 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.