Beverly Hills Private Wealth LLC Acquires 29,093 Shares of Albertsons Companies, Inc. $ACI

Beverly Hills Private Wealth LLC grew its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 13.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 237,679 shares of the company’s stock after buying an additional 29,093 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Albertsons Companies were worth $4,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ACI. Tredje AP fonden increased its position in shares of Albertsons Companies by 71.7% during 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. AlphaQuest LLC bought a new position in Albertsons Companies during the third quarter valued at approximately $1,492,000. Inspire Advisors LLC purchased a new position in shares of Albertsons Companies during the second quarter worth approximately $379,000. Islay Capital Management LLC bought a new stake in shares of Albertsons Companies in the 2nd quarter worth approximately $987,000. Finally, Swiss National Bank boosted its stake in shares of Albertsons Companies by 7.1% in the 2nd quarter. Swiss National Bank now owns 1,133,900 shares of the company’s stock valued at $24,390,000 after purchasing an additional 75,400 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ACI shares. Morgan Stanley reissued an “underweight” rating and issued a $14.00 price target (down from $20.00) on shares of Albertsons Companies in a research note on Thursday, January 15th. JPMorgan Chase & Co. lowered their target price on Albertsons Companies from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Albertsons Companies in a research report on Tuesday, January 27th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Albertsons Companies in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Albertsons Companies in a research note on Thursday, January 8th. They set a “hold” rating for the company. Nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.58.

Albertsons Companies Price Performance

Shares of ACI opened at $17.93 on Friday. Albertsons Companies, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $23.20. The firm’s 50-day simple moving average is $17.38 and its two-hundred day simple moving average is $18.03. The stock has a market cap of $9.21 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.54 and a beta of 0.48. 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 quarterly earnings data 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 company had revenue of $19.12 billion during the quarter, compared to analyst estimates of $19.18 billion. Albertsons Companies had a return on equity of 38.00% and a net margin of 1.06%.The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were paid a $0.15 dividend. The ex-dividend date was Friday, January 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.3%. Albertsons Companies’s payout ratio is currently 38.71%.

Insider Buying and Selling

In other Albertsons Companies news, EVP Michael T. Theilmann sold 49,000 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $17.63, for a total value of $863,870.00. Following the transaction, the executive vice president owned 289,429 shares of the company’s stock, valued at approximately $5,102,633.27. This represents a 14.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.35% of the company’s stock.

About Albertsons Companies

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.