189,264 Shares in Albertsons Companies, Inc. $ACI Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new stake in Albertsons Companies, Inc. (NYSE:ACI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 189,264 shares of the company’s stock, valued at approximately $3,314,000.

Other large investors also recently bought and sold shares of the company. Vident Advisory LLC acquired a new position in shares of Albertsons Companies during the first quarter worth about $252,000. Alliancebernstein L.P. lifted its position in Albertsons Companies by 48.5% in the first quarter. Alliancebernstein L.P. now owns 977,163 shares of the company’s stock valued at $21,488,000 after purchasing an additional 319,093 shares during the period. Hancock Whitney Corp acquired a new position in Albertsons Companies during the 1st quarter worth approximately $351,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Albertsons Companies by 24.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 354,777 shares of the company’s stock worth $7,802,000 after buying an additional 69,694 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Albertsons Companies by 109.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,542,468 shares of the company’s stock valued at $33,919,000 after buying an additional 806,336 shares during the period. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Down 0.3%

Shares of NYSE ACI opened at $17.26 on Tuesday. The firm’s 50-day moving average is $17.62 and its two-hundred day moving average is $18.84. The company has a market capitalization of $9.48 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 2.82 and a beta of 0.48. Albertsons Companies, Inc. has a 12-month low of $16.55 and a 12-month high of $23.20. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.81 and a quick ratio of 0.20.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $18.89 billion. During the same period in the previous year, the firm posted $0.51 EPS. The company’s quarterly 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. Equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, October 24th. Albertsons Companies’s payout ratio is 35.50%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wall Street Zen cut Albertsons Companies from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. UBS Group lowered their price target on shares of Albertsons Companies from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Wells Fargo & Company reduced their price objective on shares of Albertsons Companies from $27.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Albertsons Companies in a report on Thursday, October 30th. Finally, Bank of America dropped their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Eleven research 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, Albertsons Companies has an average rating of “Moderate Buy” and a consensus target price of $23.69.

Insider Buying and Selling at Albertsons Companies

In related news, EVP Michael T. Theilmann sold 100,000 shares of the stock in a transaction on 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 owned 338,429 shares of the company’s stock, valued at $6,548,601.15. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anuj Dhanda sold 230,000 shares of Albertsons Companies stock in a transaction dated 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 sale, the insider owned 300,577 shares of the company’s stock, valued at approximately $5,786,107.25. This represents a 43.35% decrease in their position. The SEC filing for this sale provides additional information. 1.35% of the stock is owned by corporate insiders.

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.