150,056 Shares in Albertsons Companies, Inc. $ACI Acquired by Alps Advisors Inc.

Alps Advisors Inc. purchased a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 150,056 shares of the company’s stock, valued at approximately $2,627,000.

A number of other institutional investors also recently modified their holdings of ACI. Harbor Capital Advisors Inc. lifted its stake in shares of Albertsons Companies by 130.4% in the third quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company’s stock worth $26,000 after buying an additional 827 shares during the last quarter. Allworth Financial LP raised its holdings 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 acquiring an additional 844 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Albertsons Companies by 32.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,524 shares of the company’s stock worth $44,000 after acquiring an additional 625 shares during the period. Deseret Mutual Benefit Administrators lifted its position in Albertsons Companies by 61.7% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,808 shares of the company’s stock worth $49,000 after acquiring an additional 1,071 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new stake in Albertsons Companies during the second quarter valued at about $53,000. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Trading Down 3.2%

Shares of ACI stock opened at $17.57 on Wednesday. The firm has a fifty day moving average of $17.26 and a 200-day moving average of $18.07. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 0.54 and a beta of 0.48. Albertsons Companies, Inc. has a 52-week low of $15.80 and a 52-week high of $23.20. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.20 and a current ratio of 0.91.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Wednesday, January 7th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $19.12 billion for the quarter, compared to analysts’ expectations of $19.18 billion. Albertsons Companies had a net margin of 1.06% and a return on equity of 38.00%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. On average, equities research analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, January 23rd. Albertsons Companies’s dividend payout ratio (DPR) is 38.71%.

Insider Buying and Selling

In other Albertsons Companies news, EVP Michael T. Theilmann sold 49,000 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $17.63, for a total value of $863,870.00. Following the sale, the executive vice president directly owned 289,429 shares in the company, valued at $5,102,633.27. This represents a 14.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Morgan Stanley reiterated an “underweight” rating and issued a $14.00 price objective (down from $20.00) on shares of Albertsons Companies in a research note on Thursday, January 15th. UBS Group dropped their price target on Albertsons Companies from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Barclays cut their price target on Albertsons Companies from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Thursday, January 8th. Royal Bank Of Canada restated an “outperform” rating on shares of Albertsons Companies in a research note on Monday, December 29th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Albertsons Companies in a research note on Tuesday, January 27th. Nine equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.58.

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.