SG Americas Securities LLC Boosts Holdings in Albertsons Companies, Inc. $ACI

SG Americas Securities LLC raised its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 303.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,644 shares of the company’s stock after acquiring an additional 136,618 shares during the period. SG Americas Securities LLC’s holdings in Albertsons Companies were worth $3,119,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. LSV Asset Management grew its holdings in Albertsons Companies by 3.5% during the 3rd quarter. LSV Asset Management now owns 10,946,507 shares of the company’s stock valued at $191,673,000 after purchasing an additional 368,100 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Albertsons Companies by 17.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,388,320 shares of the company’s stock worth $164,389,000 after purchasing an additional 1,410,778 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Albertsons Companies by 37.1% during the third quarter. Dimensional Fund Advisors LP now owns 8,269,879 shares of the company’s stock valued at $144,803,000 after buying an additional 2,239,291 shares during the period. AQR Capital Management LLC boosted its position in shares of Albertsons Companies by 14.9% during the third quarter. AQR Capital Management LLC now owns 6,283,584 shares of the company’s stock valued at $110,026,000 after buying an additional 813,190 shares during the period. Finally, Sound Shore Management Inc CT grew its stake in shares of Albertsons Companies by 60.9% during the third quarter. Sound Shore Management Inc CT now owns 4,902,179 shares of the company’s stock valued at $85,837,000 after buying an additional 1,855,682 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Telsey Advisory Group decreased their price target on Albertsons Companies from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. BMO Capital Markets reduced their target price on Albertsons Companies from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. Barclays decreased their target price on Albertsons Companies from $19.00 to $17.00 and set an “underweight” rating for the company in a research report on Thursday, January 8th. Jefferies Financial Group reissued an “outperform” rating on shares of Albertsons Companies in a research note on Monday, December 29th. Finally, UBS Group cut their price target on shares of Albertsons Companies from $25.00 to $23.00 and set a “buy” 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 issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.58.

Albertsons Companies Trading Up 0.0%

ACI opened at $17.46 on Friday. 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 stock’s fifty day moving average is $17.47 and its two-hundred day moving average is $17.62. The company has a market capitalization of $8.97 billion, a P/E ratio of 11.26, a PEG ratio of 0.50 and a beta of 0.45. Albertsons Companies, Inc. has a 52 week low of $15.80 and a 52 week high of $23.20.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Wednesday, January 7th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. The business had revenue of $19.12 billion during the quarter, compared to analysts’ expectations of $19.18 billion. Albertsons Companies had a return on equity of 38.00% and a net margin of 1.06%.The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, January 23rd. Albertsons Companies’s dividend payout ratio is presently 38.71%.

Insider Buying and Selling

In other news, EVP Michael T. Theilmann sold 49,000 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $17.63, for a total value of $863,870.00. Following the completion of the sale, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.