VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 131,200 Shares of Albertsons Companies, Inc. $ACI

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,918,400 shares of the company’s stock after purchasing an additional 131,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.71% of Albertsons Companies worth $68,611,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ACI. E. Ohman J or Asset Management AB boosted its holdings in shares of Albertsons Companies by 32.4% in the third quarter. E. Ohman J or Asset Management AB now owns 1,700,441 shares of the company’s stock valued at $29,775,000 after buying an additional 416,493 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Albertsons Companies by 130.4% during the third quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company’s stock worth $26,000 after acquiring an additional 827 shares during the period. DAVENPORT & Co LLC bought a new stake in Albertsons Companies in the 3rd quarter valued at $448,000. Farther Finance Advisors LLC boosted its stake in Albertsons Companies by 404.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,047 shares of the company’s stock worth $123,000 after purchasing an additional 5,650 shares during the period. Finally, Exchange Traded Concepts LLC bought a new position in Albertsons Companies during the 3rd quarter worth about $742,000. 71.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ACI. Evercore ISI dropped their price target on Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 23rd. Tigress Financial lifted their target price on Albertsons Companies from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Bank of America cut their target price on Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Albertsons Companies in a report on Monday. Finally, Wells Fargo & Company cut their price objective on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.69.

Insider Buying and Selling at Albertsons Companies

In other news, insider Anuj Dhanda sold 230,000 shares of the firm’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 sale, the insider owned 300,577 shares in the company, valued at approximately $5,786,107.25. This trade represents a 43.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael T. Theilmann sold 100,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 338,429 shares of the company’s stock, valued at approximately $6,548,601.15. This represents a 22.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.35% of the company’s stock.

Albertsons Companies Stock Down 0.1%

Shares of ACI stock opened at $17.28 on Wednesday. Albertsons Companies, Inc. has a 52-week low of $16.55 and a 52-week high of $23.20. The stock has a market cap of $9.49 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 2.82 and a beta of 0.49. The firm’s 50-day moving average is $17.77 and its 200-day moving average is $18.95. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.20 and a current ratio of 0.81.

Albertsons Companies (NYSE:ACI) last announced its quarterly 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 return on equity of 36.39% and a net margin of 1.20%.The firm had revenue of $18.92 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. Sell-side analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were issued 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 3.5%. Albertsons Companies’s dividend payout ratio (DPR) is currently 35.50%.

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.