Skandinaviska Enskilda Banken AB publ Purchases 315,241 Shares of Albertsons Companies, Inc. $ACI

Skandinaviska Enskilda Banken AB publ boosted its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 152.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 521,918 shares of the company’s stock after purchasing an additional 315,241 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Albertsons Companies were worth $9,139,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ACI. Goldman Sachs Group Inc. grew its position in shares of Albertsons Companies by 109.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,542,468 shares of the company’s stock valued at $33,919,000 after purchasing an additional 806,336 shares in the last quarter. Empowered Funds LLC bought a new stake in Albertsons Companies during the first quarter valued at $1,090,000. FNY Investment Advisers LLC grew its position in Albertsons Companies by 31.9% during the second quarter. FNY Investment Advisers LLC now owns 8,140 shares of the company’s stock worth $175,000 after buying an additional 1,970 shares in the last quarter. Denali Advisors LLC increased its stake in Albertsons Companies by 24.5% in the 2nd quarter. Denali Advisors LLC now owns 45,575 shares of the company’s stock worth $980,000 after acquiring an additional 8,967 shares during the last quarter. Finally, Ethic Inc. increased its stake in Albertsons Companies by 8.7% in the 2nd quarter. Ethic Inc. now owns 53,455 shares of the company’s stock worth $1,133,000 after acquiring an additional 4,276 shares during the last quarter. 71.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Albertsons Companies news, EVP Michael T. Theilmann sold 49,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.35% of the stock is owned by company insiders.

Albertsons Companies Price Performance

ACI stock opened at $18.13 on Thursday. The firm has a market cap of $9.31 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.55 and a beta of 0.48. The firm’s fifty day moving average is $17.36 and its 200 day moving average is $18.03. Albertsons Companies, Inc. has a 52 week low of $15.80 and a 52 week high of $23.20. 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 (NYSE:ACI) last posted its quarterly earnings results on Wednesday, January 7th. The company reported $0.72 earnings per share (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 business had revenue of $19.12 billion during the quarter, compared to analyst estimates of $19.18 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The company’s 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 predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently commented on ACI shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Albertsons Companies in a report on Tuesday, January 27th. Morgan Stanley reissued an “underweight” rating and issued a $14.00 price target (down previously from $20.00) on shares of Albertsons Companies in a research note on Thursday, January 15th. Barclays decreased their price target on shares of Albertsons Companies from $19.00 to $17.00 and set an “underweight” rating on the stock in a report on Thursday, January 8th. Wall Street Zen downgraded shares of Albertsons Companies from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Finally, JPMorgan Chase & Co. reduced their target price on Albertsons Companies from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Nine analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Albertsons Companies currently has a consensus rating of “Hold” and a consensus price target of $21.58.

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.