Arrowstreet Capital Limited Partnership Raises Stake in Albertsons Companies, Inc. $ACI

Arrowstreet Capital Limited Partnership boosted its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 345.7% during the second quarter, Holdings Channel.com reports. The firm owned 2,784,990 shares of the company’s stock after acquiring an additional 2,160,192 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Albertsons Companies were worth $59,905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ACI. Vanguard Group Inc. lifted its holdings in shares of Albertsons Companies by 2.9% during the first quarter. Vanguard Group Inc. now owns 37,374,669 shares of the company’s stock valued at $821,869,000 after purchasing an additional 1,064,547 shares during the last quarter. Norges Bank bought a new position in Albertsons Companies during the 2nd quarter valued at approximately $320,613,000. LSV Asset Management increased its position in Albertsons Companies by 34.4% during the 2nd quarter. LSV Asset Management now owns 10,578,407 shares of the company’s stock valued at $227,542,000 after buying an additional 2,705,368 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Albertsons Companies by 7.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,977,542 shares of the company’s stock valued at $171,597,000 after buying an additional 539,250 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Albertsons Companies by 1.6% in the second 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. Institutional investors own 71.35% of the company’s stock.

Insider Activity at Albertsons Companies

In other Albertsons Companies news, EVP Michael T. Theilmann sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $19.35, for a total transaction of $1,935,000.00. Following the completion of 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anuj Dhanda sold 230,000 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was 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 in the company, valued at $5,786,107.25. The trade was a 43.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.35% of the stock is owned by corporate insiders.

Albertsons Companies Price Performance

NYSE ACI opened at $17.65 on Friday. The business’s fifty day moving average price is $18.01 and its 200-day moving average price is $19.54. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.92 and a beta of 0.49. 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, Inc. has a 1-year low of $16.70 and a 1-year high of $23.20.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $18.92 billion during the quarter, compared to analyst estimates of $18.89 billion. Albertsons Companies had a return on equity of 36.39% and a net margin of 1.20%.Albertsons Companies’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. On average, equities analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. Albertsons Companies’s dividend payout ratio is presently 35.50%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Evercore ISI reduced their price target on Albertsons Companies from $22.00 to $21.00 and set an “in-line” rating for the company in a report on Tuesday, November 11th. Telsey Advisory Group restated an “outperform” rating and set a $24.00 price objective on shares of Albertsons Companies in a research note on Wednesday, October 15th. Bank of America decreased 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. Wall Street Zen cut shares of Albertsons Companies from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Albertsons Companies currently has an average rating of “Moderate Buy” and an average price target of $23.43.

About Albertsons Companies

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.