E. Ohman J or Asset Management AB Purchases 416,493 Shares of Albertsons Companies, Inc. $ACI

E. Ohman J or Asset Management AB grew its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 32.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,700,441 shares of the company’s stock after purchasing an additional 416,493 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Albertsons Companies were worth $29,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tredje AP fonden boosted its stake in shares of Albertsons Companies by 71.7% in the 2nd quarter. Tredje AP fonden now owns 46,647 shares of the company’s stock valued at $1,003,000 after purchasing an additional 19,477 shares during the last quarter. Inspire Advisors LLC acquired a new position in Albertsons Companies in the second quarter valued at $379,000. Islay Capital Management LLC bought a new stake in Albertsons Companies during the second quarter valued at $987,000. Swiss National Bank grew its holdings in Albertsons Companies by 7.1% during the 2nd quarter. Swiss National Bank now owns 1,133,900 shares of the company’s stock worth $24,390,000 after acquiring an additional 75,400 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Albertsons Companies by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 7,901,015 shares of the company’s stock worth $169,510,000 after acquiring an additional 124,824 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $17.40 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 2.25. Albertsons Companies, Inc. has a twelve month low of $16.55 and a twelve month high of $23.20. The stock’s 50 day moving average is $17.86 and its 200-day moving average is $19.03. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 2.84 and a beta of 0.49.

Albertsons Companies (NYSE:ACI) last posted 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 business had revenue of $18.92 billion during 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%. Albertsons Companies’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. Sell-side analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were paid a $0.15 dividend. The ex-dividend date was Friday, October 24th. This represents a $0.60 annualized dividend and a yield of 3.4%. Albertsons Companies’s dividend payout ratio (DPR) is 35.50%.

Insider Activity at Albertsons Companies

In other news, insider Anuj Dhanda sold 230,000 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $19.25, for a total value 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 represents a 43.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael T. Theilmann sold 100,000 shares of the firm’s stock in a transaction on Thursday, October 16th. The shares were 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 represents a 22.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on ACI. Telsey Advisory Group reiterated an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a report on Wednesday, October 15th. Evercore ISI cut their price target on Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating on the stock in a report on Tuesday, December 23rd. Bank of America reduced their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Wall Street Zen lowered shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, Royal Bank Of Canada cut their target price on shares of Albertsons Companies from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Ten 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.69.

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.