Strs Ohio Sells 143,207 Shares of Albertsons Companies, Inc. $ACI

Strs Ohio decreased its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 93.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,629 shares of the company’s stock after selling 143,207 shares during the quarter. Strs Ohio’s holdings in Albertsons Companies were worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Rakuten Investment Management Inc. purchased a new stake in Albertsons Companies in the 3rd quarter worth approximately $166,000. Seizert Capital Partners LLC increased its holdings in shares of Albertsons Companies by 0.3% in the third quarter. Seizert Capital Partners LLC now owns 1,828,935 shares of the company’s stock worth $32,025,000 after purchasing an additional 5,331 shares during the period. Allstate Corp purchased a new stake in shares of Albertsons Companies in the third quarter worth $185,000. Massachusetts Financial Services Co. MA raised its position in shares of Albertsons Companies by 17.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,388,320 shares of the company’s stock worth $164,389,000 after buying an additional 1,410,778 shares in the last quarter. Finally, CFC Planning Co LLC bought a new stake in Albertsons Companies during the third quarter valued at $194,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Telsey Advisory Group decreased their target price on Albertsons Companies from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. BMO Capital Markets decreased their price objective on shares of Albertsons Companies from $25.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Albertsons Companies in a research note on Monday, December 29th. Jefferies Financial Group reissued an “outperform” rating on shares of Albertsons Companies in a research note on Monday, December 29th. Finally, Bank of America decreased their price target on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.58.

Insider Buying and Selling at Albertsons Companies

In other news, EVP Michael T. Theilmann sold 49,000 shares of the business’s stock in a transaction dated 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 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 legal filing with the SEC, which is accessible through this link. Company insiders own 1.35% of the company’s stock.

Albertsons Companies Stock Up 3.5%

Shares of NYSE ACI opened at $17.46 on Wednesday. The stock has a market capitalization of $8.97 billion, a P/E ratio of 11.26, a PEG ratio of 0.51 and a beta of 0.48. Albertsons Companies, Inc. has a one year low of $15.80 and a one year high of $23.20. The firm’s 50 day simple moving average is $17.29 and its two-hundred day simple moving average is $18.16. The company has a debt-to-equity ratio of 3.36, a current ratio of 0.91 and a quick ratio of 0.20.

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, beating analysts’ consensus estimates of $0.67 by $0.05. The company had revenue of $19.12 billion during the quarter, compared to analysts’ expectations of $19.18 billion. Albertsons Companies had a net margin of 1.06% and a return on equity of 38.00%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be issued a $0.15 dividend. The ex-dividend date is Friday, January 23rd. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. Albertsons Companies’s payout ratio is currently 38.71%.

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.