California Public Employees Retirement System Has $33.94 Million Holdings in Albertsons Companies, Inc. $ACI

California Public Employees Retirement System decreased its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 16.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,577,934 shares of the company’s stock after selling 311,091 shares during the period. California Public Employees Retirement System owned 0.28% of Albertsons Companies worth $33,941,000 at the end of the most recent quarter.

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

Insider Activity

In related news, insider Anuj Dhanda sold 230,000 shares of Albertsons Companies 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. This trade represents a 43.35% decrease in their position. The sale 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 the company’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 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 SEC filing for this sale provides additional information. Company insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

ACI has been the topic of a number of research reports. Wall Street Zen lowered shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Wells Fargo & Company dropped their price objective on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. JPMorgan Chase & Co. cut their price objective 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. Telsey Advisory Group reissued an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a research report on Wednesday, October 15th. Finally, Tigress Financial boosted their price target on Albertsons Companies from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Albertsons Companies has an average rating of “Moderate Buy” and an average target price of $23.77.

Albertsons Companies Trading Down 1.0%

Shares of ACI opened at $17.07 on Thursday. 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 stock has a market cap of $9.37 billion, a PE ratio of 10.10, a PEG ratio of 2.81 and a beta of 0.49. Albertsons Companies, Inc. has a 1 year low of $16.70 and a 1 year high of $23.20. The stock has a 50 day simple moving average of $17.99 and a 200-day simple moving average of $19.39.

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, beating 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 analysts’ expectations of $18.89 billion. During the same period in the prior year, the business posted $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. On average, sell-side analysts predict that Albertsons Companies, Inc. will post 2.14 EPS 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 given a dividend of $0.15 per share. The ex-dividend date was Friday, October 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.5%. Albertsons Companies’s dividend payout ratio (DPR) is 35.50%.

Albertsons Companies Company 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.