Albertsons Companies, Inc. $ACI Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lifted its position in Albertsons Companies, Inc. (NYSE:ACI) by 46.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,796 shares of the company’s stock after acquiring an additional 23,217 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Albertsons Companies were worth $1,566,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Albertsons Companies by 2.9% during the first quarter. Vanguard Group Inc. now owns 37,374,669 shares of the company’s stock valued at $821,869,000 after purchasing an additional 1,064,547 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Albertsons Companies by 34.4% in the 2nd quarter. LSV Asset Management now owns 10,578,407 shares of the company’s stock valued at $227,542,000 after buying an additional 2,705,368 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Albertsons Companies by 7.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,977,542 shares of the company’s stock valued at $171,597,000 after buying an additional 539,250 shares during the last quarter. Geode Capital Management LLC raised its stake in Albertsons Companies by 1.6% during the second quarter. Geode Capital Management LLC now owns 7,901,015 shares of the company’s stock worth $169,510,000 after acquiring an additional 124,824 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Albertsons Companies by 17.8% during the first quarter. Dimensional Fund Advisors LP now owns 5,462,715 shares of the company’s stock worth $120,102,000 after acquiring an additional 825,983 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ACI has been the subject of a number of research reports. Wall Street Zen downgraded Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Telsey Advisory Group restated an “outperform” rating and set a $24.00 price objective on shares of Albertsons Companies in a research note on Wednesday, October 15th. Tigress Financial increased their target price on Albertsons Companies from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Albertsons Companies in a report on Thursday, October 30th. Finally, Zacks Research raised shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.43.

Albertsons Companies Price Performance

Shares of ACI opened at $18.17 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 2.25. The stock has a market cap of $9.98 billion, a PE ratio of 10.75, a PEG ratio of 2.96 and a beta of 0.52. Albertsons Companies, Inc. has a 12-month low of $16.70 and a 12-month high of $23.20. The business has a 50-day simple moving average of $17.98 and a two-hundred day simple moving average of $19.68.

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

Albertsons Companies Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, October 24th. Albertsons Companies’s payout ratio is 35.50%.

Insider Buying and Selling at Albertsons Companies

In related news, EVP Michael T. Theilmann sold 100,000 shares of the 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 completion of the sale, the executive vice president directly owned 338,429 shares in the company, valued at $6,548,601.15. This represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anuj Dhanda sold 230,000 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.25, for a total value of $4,427,500.00. Following the transaction, the insider directly owned 300,577 shares of the company’s stock, valued at approximately $5,786,107.25. This represents a 43.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.35% of the company’s stock.

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.