Seizert Capital Partners LLC Sells 342,286 Shares of Albertsons Companies, Inc. $ACI

Seizert Capital Partners LLC reduced its position in Albertsons Companies, Inc. (NYSE:ACI) by 15.8% during the second quarter, HoldingsChannel.com reports. The firm owned 1,823,604 shares of the company’s stock after selling 342,286 shares during the period. Albertsons Companies makes up 1.7% of Seizert Capital Partners LLC’s portfolio, making the stock its 29th biggest position. Seizert Capital Partners LLC’s holdings in Albertsons Companies were worth $39,226,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC grew its stake in shares of Albertsons Companies by 1,601.1% during the first quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company’s stock valued at $103,807,000 after buying an additional 4,451,250 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Albertsons Companies during the 2nd quarter valued at $81,463,000. Voya Investment Management LLC boosted its holdings in Albertsons Companies by 6,541.5% during the 1st quarter. Voya Investment Management LLC now owns 3,723,616 shares of the company’s stock valued at $81,882,000 after acquiring an additional 3,667,550 shares during the period. Sound Shore Management Inc CT bought a new position in Albertsons Companies in the 2nd quarter valued at $65,530,000. Finally, LSV Asset Management increased its stake in Albertsons Companies by 52.9% in the first quarter. LSV Asset Management now owns 7,873,039 shares of the company’s stock worth $173,128,000 after purchasing an additional 2,724,576 shares during the period. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Insider Activity at Albertsons Companies

In other Albertsons Companies news, insider Anuj Dhanda sold 230,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $19.25, for a total value of $4,427,500.00. Following the completion of the sale, the insider directly owned 300,577 shares in the company, valued at $5,786,107.25. This trade represents a 43.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael T. Theilmann sold 100,000 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.35, for a total value of $1,935,000.00. Following the transaction, the executive vice president directly owned 338,429 shares in the company, valued at approximately $6,548,601.15. The trade was a 22.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Royal Bank Of Canada decreased their price objective on shares of Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Bank of America reduced their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Telsey Advisory Group reissued an “outperform” rating and issued a $24.00 price objective on shares of Albertsons Companies in a research note on Wednesday, October 15th. Finally, JPMorgan Chase & Co. reduced their price objective on Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.43.

Albertsons Companies Stock Up 0.2%

Shares of NYSE ACI opened at $18.16 on Wednesday. Albertsons Companies, Inc. has a 12-month low of $16.70 and a 12-month high of $23.20. The stock’s fifty day simple moving average is $18.07 and its two-hundred day simple moving average is $19.86. The stock has a market capitalization of $9.97 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 2.95 and a beta of 0.52. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 2.25.

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

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $0.60 dividend on an annualized basis and a yield of 3.3%. Albertsons Companies’s dividend payout ratio is presently 35.50%.

Albertsons Companies Company Profile

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.