Exchange Traded Concepts LLC Makes New $742,000 Investment in Albertsons Companies, Inc. $ACI

Exchange Traded Concepts LLC purchased a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI) in the 3rd quarter, Holdings Channel reports. The fund purchased 42,356 shares of the company’s stock, valued at approximately $742,000.

Several other institutional investors have also recently made changes to their positions in the business. Peddock Capital Advisors LLC grew its position in Albertsons Companies by 1.9% during the second quarter. Peddock Capital Advisors LLC now owns 26,567 shares of the company’s stock valued at $571,000 after buying an additional 504 shares during the period. Mason Investment Advisory Services Inc. boosted its stake in shares of Albertsons Companies by 0.7% during the 2nd quarter. Mason Investment Advisory Services Inc. now owns 78,586 shares of the company’s stock worth $1,690,000 after acquiring an additional 524 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Albertsons Companies by 3.4% during the 2nd quarter. ProShare Advisors LLC now owns 17,870 shares of the company’s stock valued at $384,000 after acquiring an additional 592 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of Albertsons Companies by 0.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 83,260 shares of the company’s stock worth $1,791,000 after purchasing an additional 623 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Albertsons Companies by 20.9% in the 2nd quarter. Fifth Third Bancorp now owns 3,624 shares of the company’s stock worth $78,000 after purchasing an additional 627 shares during the period. Institutional investors own 71.35% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on ACI shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Albertsons Companies in a report on Thursday, October 30th. Wall Street Zen downgraded Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Telsey Advisory Group reissued an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a report on Wednesday, October 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Albertsons Companies in a report on Monday. Finally, Jefferies Financial Group reissued an “outperform” rating on shares of Albertsons Companies in a research note on Monday. Eleven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.69.

Insider Activity

In other Albertsons Companies news, insider Anuj Dhanda sold 230,000 shares of the 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 of the company’s stock, 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 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 completion of the sale, the executive vice president directly owned 338,429 shares in the company, valued at $6,548,601.15. This trade represents a 22.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.35% of the stock is owned by corporate insiders.

Albertsons Companies Stock Down 0.7%

NYSE ACI opened at $17.29 on Tuesday. Albertsons Companies, Inc. has a 12 month low of $16.55 and a 12 month high of $23.20. 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 $9.49 billion, a PE ratio of 10.23, a P/E/G ratio of 2.84 and a beta of 0.49. The stock’s 50 day moving average is $17.81 and its 200 day moving average is $18.98.

Albertsons Companies (NYSE:ACI) last released 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. Albertsons Companies had a net margin of 1.20% and a return on equity of 36.39%. The firm had revenue of $18.92 billion for the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter last year, the business posted $0.51 earnings per share. The company’s revenue for the quarter 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. Research analysts predict that Albertsons Companies, Inc. will post 2.14 EPS 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 paid a $0.15 dividend. The ex-dividend date was Friday, October 24th. This represents a $0.60 annualized dividend and a yield of 3.5%. Albertsons Companies’s payout ratio is presently 35.50%.

Albertsons Companies 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.