Andra AP fonden Sells 255,700 Shares of Albertsons Companies, Inc. $ACI

Andra AP fonden trimmed its position in Albertsons Companies, Inc. (NYSE:ACI) by 61.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,200 shares of the company’s stock after selling 255,700 shares during the period. Andra AP fonden’s holdings in Albertsons Companies were worth $2,770,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Harbor Capital Advisors Inc. lifted its holdings in shares of Albertsons Companies by 130.4% during the 3rd 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. Allworth Financial LP increased its position in Albertsons Companies by 98.4% in the second quarter. Allworth Financial LP now owns 1,702 shares of the company’s stock worth $37,000 after purchasing an additional 844 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Albertsons Companies by 32.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,524 shares of the company’s stock valued at $44,000 after purchasing an additional 625 shares during the period. Deseret Mutual Benefit Administrators boosted its position in shares of Albertsons Companies by 61.7% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,808 shares of the company’s stock valued at $49,000 after buying an additional 1,071 shares during the period. Finally, Employees Retirement System of Texas purchased a new stake in Albertsons Companies in the 2nd quarter valued at about $53,000. 71.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ACI shares. Telsey Advisory Group lowered their price objective on Albertsons Companies from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. UBS Group lowered their price objective on Albertsons Companies from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. 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 research note on Thursday, January 8th. Evercore lowered 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. Finally, BMO Capital Markets cut their price objective on shares of Albertsons Companies from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. Nine equities research 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.58.

Albertsons Companies Trading Up 0.7%

ACI opened at $17.92 on Friday. The firm’s 50 day moving average is $17.45 and its 200-day moving average is $17.96. Albertsons Companies, Inc. has a 52-week low of $15.80 and a 52-week high of $23.20. The firm has a market capitalization of $9.21 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.54 and a beta of 0.48. 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 released 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 return on equity of 38.00% and a net margin of 1.06%.The business had revenue of $19.12 billion during the quarter, compared to analyst estimates of $19.18 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The business’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. Analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

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

Insider Transactions at Albertsons Companies

In other news, EVP Michael T. Theilmann sold 49,000 shares of Albertsons Companies 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 sale, the executive vice president directly owned 289,429 shares in the company, valued at approximately $5,102,633.27. The trade was a 14.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.35% of the stock is owned by corporate insiders.

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.