Albertsons Companies, Inc. (NYSE:ACI) Receives $23.43 Consensus PT from Analysts

Shares of Albertsons Companies, Inc. (NYSE:ACI) have received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $23.4286.

A number of equities research analysts recently issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $24.00 price objective on shares of Albertsons Companies in a report on Wednesday, October 15th. JPMorgan Chase & Co. reduced their price target on Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Albertsons Companies in a report on Thursday, October 30th. Zacks Research raised Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Bank of America reduced their target price on Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th.

Albertsons Companies Price Performance

Shares of ACI opened at $17.25 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.20 and a current ratio of 0.81. The firm has a market cap of $9.48 billion, a PE ratio of 10.21, a PEG ratio of 2.80 and a beta of 0.49. The firm’s 50 day moving average price is $17.99 and its 200 day moving average price is $19.41. Albertsons Companies has a twelve month low of $16.70 and a twelve month high of $23.20.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Tuesday, October 14th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Albertsons Companies had a net margin of 1.20% and a return on equity of 36.39%. The company had revenue of $18.92 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. As a group, research analysts expect that Albertsons Companies will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, October 24th. Albertsons Companies’s payout ratio is presently 35.50%.

Insider Buying and Selling at Albertsons Companies

In related news, EVP Michael T. Theilmann sold 100,000 shares of the company’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $19.35, for a total transaction of $1,935,000.00. Following the completion of the sale, the executive vice president directly owned 338,429 shares of the company’s stock, valued at approximately $6,548,601.15. This represents a 22.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anuj Dhanda sold 230,000 shares of Albertsons Companies stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.25, for a total transaction of $4,427,500.00. Following the completion of the transaction, the insider owned 300,577 shares in the company, valued at $5,786,107.25. This trade represents a 43.35% decrease in their position. The SEC filing for this sale provides additional information. 1.35% of the stock is currently owned by corporate insiders.

Institutional Trading of Albertsons Companies

A number of hedge funds have recently bought and sold shares of the stock. Tredje AP fonden increased its holdings in shares of Albertsons Companies by 71.7% during the second quarter. Tredje AP fonden now owns 46,647 shares of the company’s stock worth $1,003,000 after buying an additional 19,477 shares in the last quarter. Atlas Capital Advisors Inc. grew its position in Albertsons Companies by 241.6% during the 1st quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company’s stock worth $509,000 after acquiring an additional 16,375 shares during the last quarter. Inspire Advisors LLC acquired a new stake in Albertsons Companies during the 2nd quarter valued at $379,000. Islay Capital Management LLC bought a new position in Albertsons Companies in the 2nd quarter valued at $987,000. Finally, Geode Capital Management LLC raised its position in Albertsons Companies by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 7,901,015 shares of the company’s stock valued at $169,510,000 after purchasing an additional 124,824 shares during the last quarter. 71.35% of the stock is owned by institutional investors.

About Albertsons Companies

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.