Albertsons Companies, Inc. $ACI Shares Acquired by Railway Pension Investments Ltd

Railway Pension Investments Ltd lifted its position in Albertsons Companies, Inc. (NYSE:ACI) by 7.5% in the second quarter, Holdings Channel reports. The firm owned 768,000 shares of the company’s stock after acquiring an additional 53,400 shares during the period. Railway Pension Investments Ltd’s holdings in Albertsons Companies were worth $16,520,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Tredje AP fonden lifted its holdings in shares of Albertsons Companies by 71.7% during the second quarter. Tredje AP fonden now owns 46,647 shares of the company’s stock worth $1,003,000 after purchasing an additional 19,477 shares during the period. Atlas Capital Advisors Inc. increased its stake in Albertsons Companies by 241.6% in the 1st quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company’s stock valued at $509,000 after buying an additional 16,375 shares during the period. Inspire Advisors LLC purchased a new position in Albertsons Companies during the 2nd quarter worth $379,000. Islay Capital Management LLC purchased a new stake in shares of Albertsons Companies in the second quarter valued at about $987,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Albertsons Companies by 1.6% in the second quarter. Geode Capital Management LLC now owns 7,901,015 shares of the company’s stock valued at $169,510,000 after acquiring an additional 124,824 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Price Performance

Shares of NYSE ACI opened at $18.33 on Friday. 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’s 50-day moving average price is $17.99 and its 200 day moving average price is $19.64. Albertsons Companies, Inc. has a 52 week low of $16.70 and a 52 week high of $23.20. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 2.99 and a beta of 0.52.

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

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders 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 annualized dividend and a yield of 3.3%. Albertsons Companies’s dividend payout ratio (DPR) is presently 35.50%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Wells Fargo & Company decreased their price target on Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Evercore ISI reduced their price objective on shares of Albertsons Companies from $22.00 to $21.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Wall Street Zen downgraded shares of Albertsons Companies from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Telsey Advisory Group restated an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a research report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Albertsons Companies presently has an average rating of “Moderate Buy” and a consensus target price of $23.43.

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 transaction of $1,935,000.00. Following the sale, the executive vice president owned 338,429 shares of the company’s stock, valued at $6,548,601.15. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anuj Dhanda sold 230,000 shares of the business’s stock in a transaction dated 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 directly owned 300,577 shares of the company’s stock, valued at $5,786,107.25. The trade was a 43.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is owned by corporate insiders.

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.