South Dakota Investment Council Invests $1.66 Million in Albertsons Companies, Inc. $ACI

South Dakota Investment Council purchased a new position in Albertsons Companies, Inc. (NYSE:ACI) during the third quarter, Holdings Channel.com reports. The fund purchased 94,665 shares of the company’s stock, valued at approximately $1,658,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in Albertsons Companies in the 2nd quarter worth approximately $320,613,000. Sound Shore Management Inc CT bought a new stake in shares of Albertsons Companies during the 2nd quarter worth $65,530,000. LSV Asset Management grew its position in Albertsons Companies by 34.4% in the second quarter. LSV Asset Management now owns 10,578,407 shares of the company’s stock worth $227,542,000 after acquiring an additional 2,705,368 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Albertsons Companies by 345.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,784,990 shares of the company’s stock valued at $59,905,000 after acquiring an additional 2,160,192 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Albertsons Companies by 17.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,388,320 shares of the company’s stock valued at $164,389,000 after acquiring an additional 1,410,778 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Albertsons Companies

In related news, EVP Michael T. Theilmann sold 49,000 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $17.63, for a total transaction of $863,870.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.35% of the stock is currently owned by company insiders.

Albertsons Companies Stock Up 1.3%

Shares of NYSE ACI opened at $17.33 on Friday. Albertsons Companies, Inc. has a 12 month low of $15.80 and a 12 month high of $23.20. The firm has a market capitalization of $8.91 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 0.49 and a beta of 0.48. The firm has a fifty day simple moving average of $17.46 and a two-hundred day simple moving average of $17.92. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 3.36.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Wednesday, January 7th. The company reported $0.72 EPS for the quarter, topping 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 business 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 posted $0.71 earnings per share. Albertsons Companies’s quarterly revenue was up 1.9% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Equities analysts expect 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, February 6th. Investors of record on Friday, January 23rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, January 23rd. Albertsons Companies’s dividend payout ratio (DPR) is presently 38.71%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. BMO Capital Markets reduced their price objective on Albertsons Companies from $25.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. UBS Group lowered their price objective on shares of Albertsons Companies from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Barclays reduced their target price on shares of Albertsons Companies from $19.00 to $17.00 and set an “underweight” rating on the stock in a report on Thursday, January 8th. JPMorgan Chase & Co. decreased their target price on shares of Albertsons Companies from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Finally, Evercore cut their price target on shares of Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating for the company in a research report on Tuesday, December 23rd. 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 company’s stock. According to MarketBeat, Albertsons Companies currently has an average rating of “Hold” and an average target price of $21.58.

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.