Beverly Hills Private Wealth LLC Has $4.16 Million Position in Albertsons Companies, Inc. $ACI

Beverly Hills Private Wealth LLC grew its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 13.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,679 shares of the company’s stock after purchasing an additional 29,093 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Albertsons Companies were worth $4,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Albertsons Companies in the second quarter worth approximately $320,613,000. Sound Shore Management Inc CT acquired a new stake in shares of Albertsons Companies during the 2nd quarter worth approximately $65,530,000. LSV Asset Management grew its position in shares of Albertsons Companies by 34.4% during the 2nd quarter. LSV Asset Management now owns 10,578,407 shares of the company’s stock worth $227,542,000 after buying an additional 2,705,368 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Albertsons Companies by 345.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,784,990 shares of the company’s stock valued at $59,905,000 after acquiring an additional 2,160,192 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Albertsons Companies by 17.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,388,320 shares of the company’s stock valued at $164,389,000 after acquiring an additional 1,410,778 shares during the period. Institutional investors own 71.35% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ACI. Wall Street Zen cut shares of Albertsons Companies from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Jefferies Financial Group reaffirmed an “outperform” rating on shares of Albertsons Companies in a research report on Monday, December 29th. Morgan Stanley reaffirmed an “underweight” rating and set a $14.00 price target (down from $20.00) on shares of Albertsons Companies in a research note on Thursday, January 15th. BMO Capital Markets reduced their price objective on Albertsons Companies from $25.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Finally, Evercore decreased their price objective on Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating for the company in a 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Albertsons Companies presently has an average rating of “Hold” and an average price target of $21.58.

Insider Buying and Selling

In other news, EVP Michael T. Theilmann sold 49,000 shares of the stock in a transaction that occurred 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. This represents a 14.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.35% of the company’s stock.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $17.93 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 3.36. The stock has a market cap of $9.21 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.54 and a beta of 0.48. The stock’s fifty day simple moving average is $17.38 and its two-hundred day simple moving average is $18.03. Albertsons Companies, Inc. has a 1-year low of $15.80 and a 1-year high of $23.20.

Albertsons Companies (NYSE:ACI) last announced its 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 the consensus estimate of $19.18 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. As a group, analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. Albertsons Companies’s dividend payout ratio (DPR) is currently 38.71%.

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.