Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Holdings in Albertsons Companies, Inc. $ACI

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 1.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 347,106 shares of the company’s stock after selling 6,251 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Albertsons Companies were worth $7,466,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ACI. West Oak Capital LLC bought a new stake in Albertsons Companies in the 2nd quarter worth approximately $30,000. SVB Wealth LLC bought a new stake in Albertsons Companies in the first quarter worth $32,000. Allworth Financial LP raised its stake in Albertsons Companies by 98.4% during the second quarter. Allworth Financial LP now owns 1,702 shares of the company’s stock valued at $37,000 after purchasing an additional 844 shares in the last quarter. Sound Income Strategies LLC bought a new position in Albertsons Companies during the second quarter valued at $43,000. Finally, Plato Investment Management Ltd purchased a new position in shares of Albertsons Companies in the 1st quarter worth $53,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Price Performance

ACI opened at $17.58 on Friday. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.81 and a quick ratio of 0.20. The firm has a market capitalization of $9.66 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 2.91 and a beta of 0.52. The business’s 50-day moving average is $18.03 and its two-hundred day moving average is $19.83. Albertsons Companies, Inc. has a 1 year low of $16.70 and a 1 year high of $23.20.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data 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 firm 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 company posted $0.51 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. Research analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were issued a $0.15 dividend. 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 3.4%. Albertsons Companies’s payout ratio is presently 35.50%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group dropped their target price on Albertsons Companies from $27.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, October 15th. Wall Street Zen cut Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Wells Fargo & Company lowered their target price on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Telsey Advisory Group reiterated an “outperform” rating and set a $24.00 price objective on shares of Albertsons Companies in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada lowered their price objective on shares of Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.43.

Insider Activity at Albertsons Companies

In related news, insider Anuj Dhanda sold 230,000 shares of the company’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 owned 300,577 shares in the company, valued at $5,786,107.25. This represents a 43.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael T. Theilmann sold 100,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 338,429 shares in the company, valued at approximately $6,548,601.15. This represents a 22.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate 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.