Albertsons Companies, Inc. $ACI Shares Bought by Cresset Asset Management LLC

Cresset Asset Management LLC raised its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 1,696.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 186,974 shares of the company’s stock after buying an additional 176,565 shares during the period. Cresset Asset Management LLC’s holdings in Albertsons Companies were worth $3,274,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ACI. AlphaQuest LLC acquired a new stake in Albertsons Companies in the third quarter valued at approximately $1,492,000. Inspire Advisors LLC acquired a new position in Albertsons Companies during the 2nd quarter worth approximately $379,000. Islay Capital Management LLC purchased a new stake in shares of Albertsons Companies in the 2nd quarter valued at approximately $987,000. Towle & Co. increased its position in shares of Albertsons Companies by 674.2% in the 3rd quarter. Towle & Co. now owns 339,227 shares of the company’s stock valued at $5,940,000 after purchasing an additional 295,413 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Albertsons Companies by 7.1% during the 2nd quarter. Swiss National Bank now owns 1,133,900 shares of the company’s stock worth $24,390,000 after purchasing an additional 75,400 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Insider Transactions at Albertsons Companies

In other Albertsons Companies news, EVP Michael T. Theilmann sold 49,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 289,429 shares of the company’s stock, valued at approximately $5,102,633.27. This trade represents a 14.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Albertsons Companies in a research note on Monday, December 29th. Wells Fargo & Company cut their price target 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. JPMorgan Chase & Co. decreased their price target on Albertsons Companies from $24.00 to $23.00 and set an “overweight” rating for the company in a 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 for the company in a research report on Thursday, January 8th. Finally, Jefferies Financial Group reissued an “outperform” rating on shares of Albertsons Companies in a research report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Albertsons Companies currently has an average rating of “Hold” and an average price target of $21.58.

Albertsons Companies Stock Up 2.8%

Albertsons Companies stock opened at $17.79 on Friday. The company has a market capitalization of $9.14 billion, a P/E ratio of 11.48, a PEG ratio of 0.49 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. Albertsons Companies, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $23.20. The stock has a 50-day simple moving average of $17.47 and a 200-day simple moving average of $17.91.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings results on Wednesday, January 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The firm had revenue of $19.12 billion for the quarter, compared to the consensus estimate of $19.18 billion. Albertsons Companies had a return on equity of 38.00% and a net margin of 1.06%.The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. 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 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were paid a dividend of $0.15 per share. The ex-dividend date 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 is currently 38.71%.

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.