Arjuna Capital Makes New $382,000 Investment in Albertsons Companies, Inc. $ACI

Arjuna Capital bought a new position in Albertsons Companies, Inc. (NYSE:ACI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 17,738 shares of the company’s stock, valued at approximately $382,000.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Evercore ISI decreased their price objective on Albertsons Companies from $22.00 to $21.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 11th. Tigress Financial lifted their target price on Albertsons Companies from $28.00 to $29.00 and gave the company a “buy” rating in a report on Monday, October 20th. Royal Bank Of Canada decreased their price target on Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Zacks Research raised shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Finally, Wall Street Zen lowered shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Albertsons Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.43.

Albertsons Companies Stock Down 1.1%

Shares of NYSE ACI opened at $18.14 on Tuesday. 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 business has a 50-day moving average of $17.99 and a 200-day moving average of $19.60. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 2.99 and a beta of 0.49. Albertsons Companies, Inc. has a 12 month low of $16.70 and a 12 month high of $23.20.

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

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, October 24th. Albertsons Companies’s dividend payout ratio is currently 35.50%.

Insider Transactions at Albertsons Companies

In other Albertsons Companies news, insider Anuj Dhanda sold 230,000 shares of the firm’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $19.25, for a total transaction of $4,427,500.00. Following the sale, the insider owned 300,577 shares in the company, valued at $5,786,107.25. This trade represents a 43.35% 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, EVP Michael T. Theilmann sold 100,000 shares of Albertsons Companies stock in a transaction dated 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 directly owned 338,429 shares of the company’s stock, valued at approximately $6,548,601.15. This trade 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 Profile

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.