XTX Topco Ltd Boosts Stake in Albertsons Companies, Inc. $ACI

XTX Topco Ltd boosted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 611.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,655 shares of the company’s stock after acquiring an additional 108,845 shares during the quarter. XTX Topco Ltd’s holdings in Albertsons Companies were worth $2,724,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ACI. Steward Partners Investment Advisory LLC boosted its stake in Albertsons Companies by 114.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 12,858 shares of the company’s stock valued at $277,000 after acquiring an additional 6,859 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Albertsons Companies by 39.5% in the 2nd quarter. Prudential Financial Inc. now owns 148,837 shares of the company’s stock valued at $3,201,000 after acquiring an additional 42,130 shares during the period. Rhumbline Advisers raised its stake in Albertsons Companies by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 1,197,060 shares of the company’s stock worth $25,749,000 after acquiring an additional 4,029 shares during the last quarter. Franklin Resources Inc. raised its stake in Albertsons Companies by 25.1% in the 2nd quarter. Franklin Resources Inc. now owns 1,051,662 shares of the company’s stock worth $22,621,000 after acquiring an additional 210,737 shares during the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new stake in Albertsons Companies during the 2nd quarter worth about $7,782,000. Institutional investors own 71.35% of the company’s stock.

Insider Activity

In related news, insider Anuj Dhanda sold 230,000 shares of the stock in a transaction that occurred on Thursday, October 16th. The shares were 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 of the company’s stock, valued at approximately $5,786,107.25. This trade represents a 43.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael T. Theilmann sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $19.35, for a total value of $1,935,000.00. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. Insiders own 1.35% of the company’s stock.

Albertsons Companies Stock Up 0.9%

Shares of NYSE ACI opened at $18.17 on Thursday. Albertsons Companies, Inc. has a 12-month low of $16.70 and a 12-month high of $23.20. The stock has a market cap of $9.98 billion, a PE ratio of 10.75, a P/E/G ratio of 2.93 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. The company has a 50-day moving average of $17.98 and a 200 day moving average of $19.69.

Albertsons Companies (NYSE:ACI) last released its earnings results 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 net margin of 1.20% and a return on equity of 36.39%. The business had revenue of $18.92 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same period last year, the company posted $0.51 EPS. The business’s 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, sell-side analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, October 24th. Albertsons Companies’s payout ratio is currently 35.50%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ACI shares. JPMorgan Chase & Co. cut 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. Zacks Research upgraded shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Wall Street Zen lowered shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Albertsons Companies in a report on Thursday, October 30th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a report on Wednesday, October 15th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.43.

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.