Albertsons Companies, Inc. $ACI Shares Acquired by Private Management Group Inc.

Private Management Group Inc. raised its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 8.4% during the third quarter, HoldingsChannel reports. The firm owned 2,360,714 shares of the company’s stock after purchasing an additional 182,638 shares during the quarter. Albertsons Companies makes up about 1.2% of Private Management Group Inc.’s investment portfolio, making the stock its 15th largest position. Private Management Group Inc.’s holdings in Albertsons Companies were worth $41,336,000 as of its most recent SEC filing.

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

Albertsons Companies Price Performance

Shares of ACI opened at $17.28 on Friday. The business’s 50-day moving average is $17.44 and its two-hundred day moving average is $17.82. The company has a market capitalization of $8.88 billion, a P/E ratio of 11.15, a P/E/G ratio of 0.48 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.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Wednesday, January 7th. The company reported $0.72 earnings per share 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 last year, the business posted $0.71 EPS. 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 Dividend Announcement

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 3.5%. The ex-dividend date was Friday, January 23rd. Albertsons Companies’s dividend payout ratio (DPR) is currently 38.71%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ACI shares. UBS Group cut their price objective on Albertsons Companies from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. BMO Capital Markets decreased their target price on Albertsons Companies from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Telsey Advisory Group dropped their target price on Albertsons Companies from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. JPMorgan Chase & Co. cut their price target on shares of Albertsons Companies from $24.00 to $23.00 and set an “overweight” rating on the stock in a 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 given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Albertsons Companies has a consensus rating of “Hold” and a consensus target price of $21.58.

Insider Transactions at Albertsons Companies

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 transaction, the executive vice president directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.