Munich Reinsurance Co Stock Corp in Munich Invests $6.20 Million in Albertsons Companies, Inc. $ACI

Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 354,213 shares of the company’s stock, valued at approximately $6,202,000.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Albertsons Companies in the 2nd quarter worth approximately $320,613,000. LSV Asset Management raised its position in shares of Albertsons Companies by 34.4% during the second 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 during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Albertsons Companies by 37.1% during the third quarter. Dimensional Fund Advisors LP now owns 8,269,879 shares of the company’s stock valued at $144,803,000 after buying an additional 2,239,291 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Albertsons Companies by 345.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,784,990 shares of the company’s stock worth $59,905,000 after buying an additional 2,160,192 shares in the last quarter. Finally, Sound Shore Management Inc CT lifted its holdings in shares of Albertsons Companies by 60.9% in the third quarter. Sound Shore Management Inc CT now owns 4,902,179 shares of the company’s stock worth $85,837,000 after buying an additional 1,855,682 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Stock Up 2.8%

Shares of NYSE ACI opened at $17.79 on Friday. 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, Inc. has a 12-month low of $15.80 and a 12-month high of $23.20. The firm’s 50-day moving average price is $17.47 and its 200-day moving average price is $17.90. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 0.51 and a beta of 0.48.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings results 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 return on equity of 38.00% and a net margin of 1.06%.The company had revenue of $19.12 billion during the quarter, compared to analyst estimates of $19.18 billion. During the same quarter last year, the business posted $0.71 earnings per share. The firm’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. On average, equities research analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were issued 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 3.4%. Albertsons Companies’s payout ratio is 38.71%.

Wall Street Analyst Weigh In

ACI has been the subject of several research analyst reports. Wells Fargo & Company cut their target price on shares of Albertsons Companies from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Evercore decreased their price target on shares of Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 23rd. BMO Capital Markets dropped 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. UBS Group reduced their target price on Albertsons Companies from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Albertsons Companies in a research report on Tuesday, January 27th. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Albertsons Companies currently has an average rating of “Hold” and an average target price of $21.58.

Insider Buying and Selling at Albertsons Companies

In other news, EVP Michael T. Theilmann sold 49,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $17.63, for a total transaction 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. The trade was a 14.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.35% of the company’s stock.

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.