Strs Ohio Reduces Stock Position in Albertsons Companies, Inc. $ACI

Strs Ohio decreased its position in Albertsons Companies, Inc. (NYSE:ACI) by 93.7% during the third quarter, Holdings Channel.com reports. The fund owned 9,629 shares of the company’s stock after selling 143,207 shares during the quarter. Strs Ohio’s holdings in Albertsons Companies were worth $169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Investment Management Inc. purchased a new stake in shares of Albertsons Companies during the third quarter worth about $166,000. Seizert Capital Partners LLC increased its holdings in Albertsons Companies by 0.3% during the 3rd quarter. Seizert Capital Partners LLC now owns 1,828,935 shares of the company’s stock valued at $32,025,000 after purchasing an additional 5,331 shares during the period. Allstate Corp bought a new position in Albertsons Companies during the 3rd quarter valued at approximately $185,000. Massachusetts Financial Services Co. MA lifted its holdings in Albertsons Companies by 17.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,388,320 shares of the company’s stock worth $164,389,000 after buying an additional 1,410,778 shares during the period. Finally, CFC Planning Co LLC purchased a new stake in Albertsons Companies in the 3rd quarter worth approximately $194,000. 71.35% of the stock is owned by institutional investors.

Insider Activity at Albertsons Companies

In other news, EVP Michael T. Theilmann sold 49,000 shares of Albertsons Companies 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 completion of the transaction, the executive vice president owned 289,429 shares of the company’s stock, valued at $5,102,633.27. The trade was a 14.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on ACI shares. Tigress Financial upped their target price on Albertsons Companies from $28.00 to $29.00 and gave the company a “buy” rating in a report on Monday, October 20th. BMO Capital Markets decreased their price objective on shares of Albertsons Companies from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of Albertsons Companies from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Jefferies Financial Group reiterated an “outperform” rating on shares of Albertsons Companies in a research report on Monday, December 29th. Finally, Telsey Advisory Group lowered their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Nine equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.58.

Albertsons Companies Price Performance

Shares of ACI opened at $17.46 on Wednesday. The stock has a market cap of $8.97 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 0.51 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, 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 $17.29 and its two-hundred day simple moving average is $18.16.

Albertsons Companies (NYSE:ACI) last released its earnings results on Wednesday, January 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05. Albertsons Companies had a net margin of 1.06% and a return on equity of 38.00%. The firm had revenue of $19.12 billion during the quarter, compared to analyst estimates of $19.18 billion. During the same period last year, the business earned $0.71 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, January 23rd. Albertsons Companies’s dividend payout ratio is currently 38.71%.

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.