Albertsons Companies, Inc. $ACI Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 51.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 474,667 shares of the company’s stock after selling 495,673 shares during the quarter. Retirement Systems of Alabama owned about 0.09% of Albertsons Companies worth $8,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACI. LSV Asset Management increased its holdings in shares of Albertsons Companies by 3.5% in the third 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 period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Albertsons Companies by 17.7% during 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 period. Dimensional Fund Advisors LP lifted its holdings 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 worth $144,803,000 after purchasing an additional 2,239,291 shares during the period. AQR Capital Management LLC boosted its position in Albertsons Companies by 14.9% in 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 last quarter. Finally, Sound Shore Management Inc CT increased its holdings in Albertsons Companies by 60.9% in the 3rd quarter. Sound Shore Management Inc CT now owns 4,902,179 shares of the company’s stock worth $85,837,000 after buying an additional 1,855,682 shares during the period. Institutional investors and hedge funds own 71.35% of the company’s stock.

Insider Activity at Albertsons Companies

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 transaction of $863,870.00. Following the transaction, the executive vice president 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ACI has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Albertsons Companies in a research report on Thursday, January 8th. They set a “hold” rating for the company. Evercore dropped their price objective on shares of Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of Albertsons Companies in a research report on Monday, December 29th. Telsey Advisory Group decreased their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set an “outperform” 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 note on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.58.

Albertsons Companies Stock Up 0.0%

NYSE ACI opened at $17.46 on Friday. The business has a fifty day moving average price of $17.47 and a 200 day moving average price of $17.61. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.20 and a current ratio of 0.91. The company has a market cap of $8.97 billion, a P/E ratio of 11.26, a P/E/G ratio of 0.50 and a beta of 0.45. Albertsons Companies, Inc. has a one year low of $15.80 and a one year high of $23.20.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Wednesday, January 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $19.18 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Research analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

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

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.