Albertsons Companies (NYSE:ACI) EVP Michael Theilmann Sells 49,000 Shares

Albertsons Companies, Inc. (NYSE:ACI) EVP Michael Theilmann sold 49,000 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $17.63, for a total transaction of $863,870.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Albertsons Companies Stock Down 0.2%

Shares of Albertsons Companies stock traded down $0.04 on Friday, hitting $17.34. 4,914,395 shares of the company traded hands, compared to its average volume of 12,437,767. Albertsons Companies, Inc. has a 12-month low of $15.80 and a 12-month high of $23.20. 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 company has a market cap of $8.91 billion, a PE ratio of 11.19, a PEG ratio of 0.53 and a beta of 0.48. The company has a 50-day moving average price of $17.50 and a 200 day moving average price of $18.63.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data 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 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 period last year, the company earned $0.71 earnings per share. Albertsons Companies’s quarterly revenue was up 1.9% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Sell-side analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $0.60 annualized dividend and a dividend yield of 3.5%. Albertsons Companies’s payout ratio is presently 38.71%.

Institutional Trading of Albertsons Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its position in shares of Albertsons Companies by 109.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,542,468 shares of the company’s stock valued at $33,919,000 after acquiring an additional 806,336 shares during the period. Empowered Funds LLC acquired a new position in Albertsons Companies during the 1st quarter valued at $1,090,000. Parallel Advisors LLC raised its stake in Albertsons Companies by 33.2% during the 2nd quarter. Parallel Advisors LLC now owns 3,912 shares of the company’s stock valued at $84,000 after purchasing an additional 976 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in Albertsons Companies by 7.6% in the 2nd quarter. Focus Financial Network Inc. now owns 10,006 shares of the company’s stock valued at $215,000 after purchasing an additional 704 shares during the period. Finally, Mn Services Vermogensbeheer B.V. bought a new stake in shares of Albertsons Companies in the second quarter valued at about $3,026,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on ACI shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Albertsons Companies in a research note on Monday, December 29th. Barclays cut 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. UBS Group decreased their price objective on shares of Albertsons Companies from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Evercore ISI lowered their target price on shares of Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 23rd. Finally, BMO Capital Markets reduced their price target on Albertsons Companies from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Albertsons Companies presently has a consensus rating of “Moderate Buy” and an average price target of $22.21.

About Albertsons Companies

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.